Justin Michaelson Quoted in Commercial Dispute Resolution on Sberbank Decision

Justin Michaelson Quoted in Commercial Dispute Resolution on Sberbank Decision

Litigation partner Justin Michaelson represented Sberbank in its litigation against the International Bank of Azerbaijan, and was quoted by Commercial Dispute Resolution regarding the significance of the decision made by the High Court. The High Court confirmed that the long-established Gibbs Principle, which states that the discharge of an English law-governed debt under the insolvency laws of a jurisdiction outside of England and Wales is not a valid discharge of such debt, remains good law. This decision adds an advantage to selecting English law as the governing law for cross-border transactions.
 
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