UK High Court requires sanctioned bank (VTB) to pay cross-undertaking fortification into court

14 May 2026

UK High Court requires sanctioned bank (VTB) to pay cross-undertaking fortification into courtnampix/Shuterstock.com

The High Court has held that VTB Bank must pay £500,000 into court as fortification for its cross-undertaking in damages in support of a worldwide freezing order, rather than simply ringfencing funds in its...

Subscribe for full access Login
Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

More

Footer