Anti-suit injunctions: the protection of third parties

In JP Morgan Securities plc and Others v VTB Bank PJSC [2025] EWHC 1368 (Comm); [2025] 2 Lloyd's Rep 15 the claimants sought anti-suit injunctions against the defendant from pursuing proceedings against contracting parties and their affiliates in Russia. Foxton J considered in detail the authorities on the questions whether: (a) there was a contractual basis for granting relief; and (b) if not, whether the proceedings were vexatious and oppressive. Foxton J rejected the application on ground (a) but granted it on ground (b).

The facts