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March 30, 2026

UniCredit Bank GmbH v Constitution Aircraft Leasing: a landmark on sanctions, letters of credit, and the protection of compliance

National Case Law Archive

The decision in UniCredit Bank GmbH v Constitution Aircraft Leasing is the first time the Supreme Court has considered the scope of UK Russia-related trade sanctions as they apply to financial instruments – specifically, standby letters of credit. It is also the first authoritative ruling on the protection afforded by … Read more

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