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    The High Court has handed down judgment in this significant case regarding Russian sanctions and the payment of on-demand bonds worth over €280 million.

    Mr Justice Bright dismissed the claims brought by EuroChem, finding that the bonds were unenforceable and that Société Générale and ING Bank were permitted to refuse payment.

    Alan Maclean KC and Tom Leary acted for the Third Party, Tecnimont

    The case was featured as one of The Lawyer’s ‘Top 20 Cases of 2025’. The judgment may be found here.

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