Jurisdiction(s):
United Kingdom

Irish High Court restrains JSC’s Russian arbitral proceedings and enforcement; holds submission to Irish jurisdiction; declares pledge agreements void in GTLK Europe liquidation

Published on: 10 October 2025

Published by a Law360 reporter

Legal News

Article summary

On Monday, Justice Rory Mulcahy of Ireland’s High Court determined that Russia’s joint-stock entity, JSC, had accepted the authority of the Irish courts by lodging failed appeals against earlier orders and, in the course of those appeals, entering an unconditional appearance. He observed that GTLK Europe DAC and its affiliate, GTLK Europe Capital DAC, are each owned and controlled by JSC, which itself is owned by the Russian Federation. According to Justice Mulcahy, the Court of Appeal held that, by those steps, JSC had submitted to Irish jurisdiction. It also found that JSC’s absence at first instance was a tactical choice rather than any mistake on its part, and that it would amount to an abuse of process to allow JSC to raise in the Court of Appeal grounds it had deliberately declined to advance in the High Court. Delivering his judgment, Justice Mulcahy stated that joint liquidators Julian Moroney and Damien Murran had applied to the High Court seeking to restrain JSC from pursuing a number of arbitral proceedings commenced in Russia. The liquidators sought to halt any further steps in those cases...

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