Banco Santander – UK High Court judgment clarifying the scope of the Ralli Brothers defence, discussion of sanctions cases

21 October 2026

Banco Santander – UK High Court judgment clarifying the scope of the Ralli Brothers defence, discussion of sanctions casesr.classen/Shutterstock.com

The UK High Court has ordered Spanish bank Banco Santander to pay Central Térmica de Temane SA (CTT) the value of 2 on-demand bonds and clarified the scope of the “Ralli Brothers” defence -...

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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…

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