UniCredit

Celestial Aviation Services Ltd. v. UniCredit Bank GmbH, London Branch [2024]

English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.

Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch [2023 EWHC 663]

💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 663 Type of Lawsuit: Beneficiaries sued Confirming Bank that

Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch [2023 EWHC 1071]

💡Celestial Aviation Services Ltd. v. Unicredit Bank, London Branch 2023 EWHC 1071 Type of Lawsuit: Subsequent hearing on an ancillary

EU Sanctions Used to Enjoin LC

Lummus Technology Heat Transfer B.V. v. Credit Agricole Corporate Investment Bank involves a EUR 5.1 million (USD 6.

Letters of Indemnity: Who’s Really Protected?

Recent court cases in Singapore have shone a spotlight on the serious perils of relying on a letter of indemnity (LOI) in lieu of presentation of shipping documents.

English Court Says Sanctions Did Not Prevent Bank from Paying under LCs

Further to previous reporting (“Aviation Company Says Bank Wrongfully Dishonored LCs Backing Russian-Leased Planes”, April 2022 DCW 6), the Commercial

Insurers Contest DAE Claim over Aircraft Stranded in Russia

Lloyd’s of London, AIG, Chubb, Swiss Re, and seven other insurers contend that they are not obligated to pay

Aviation Litigation Takes Off, Aircraft Stranded in Russia

Even in the initial weeks following imposition of sanctions after Russia’s February 2022 invasion of Ukraine, the aviation industry

UniCredit Bank A.G. v. Euronav N.V. [2022]

Aviation Company Says Bank Wrongfully Dishonored LCs Backing Russian-Leased Planes

Celestial Aviation Services, a subsidiary of Irish-based aircraft leasing giant AerCap, filed a USD 45.8m suit in London High