English High Court refuses recognition and enforcement of Californian arbitral award by cryptocurrency exchange Kraken

England is often seen as an arbitration-friendly jurisdiction. London is a popular choice as the arbitration seat and English courts rarely refuse recognition and enforcement. The most recent statistics show how reluctant English courts are to interfere in the arbitral process, with challenges under ss. 67, 68, and 69 of the Arbitration Act 1996 particularly…

Arbitration update: Cour de Cassation allows enforcement of Kabab-ji award

The French Cour de Cassation, France’s supreme court of appeal, has just handed down its decision in Kabab-ji v Kout Food Group, concerning enforcement of a 2017 Paris arbitral award. In its judgment of 28 September 2022, the French Court found in favour of Kabab-ji. In dismissing Kout’s appeal on the annulment, the Court effectively…

Refusal to arbitrate: “£33 quadrillion” High Court claim dismissed following suspended arbitration

The English High Court recently dismissed a suit for “£33.3 quadrillion” in Sangamneheri v The Chartered Institute of Arbitrators & Ors [2022] EWHC 886 (Comm) (12 April 2022), at the same time handing down a two year extended civil restraint order (ECRO) [1] against the claimant, Mr Sangamneheri, for persistently vexatious litigation. Patricia Robertson QC, sitting…

Agreeing to arbitrate: UK Supreme Court delivers judgment in Kabab-ji v Kout Food Group

The UK Supreme Court yesterday handed down its highly anticipated decision in Kabab-ji S.A.L. (Lebanon) v Kout Food Group (Kuwait) [2021] UKSC 48, concerning enforcement of a Paris arbitral award in England and Wales. The decision provides further clarification on the English approach for determining the governing law of an arbitration agreement, and follows the…

The Digital Dispute Resolution Rules: A universal dispute resolution process for the digital age?

Executive summary Following recent developments in the law relating to digital assets across the globe, the UK Jurisdiction Taskforce released its Digital Dispute Resolution Rules on 22 April 2021. The publication of the Rules follows the launch of the Taskforce’s Legal Statement on cryptoassets and smart contracts. The UKJT Rules build on the conclusion of…

Cryptocurrency fraud: interim judgement entered against persons unknown in High Court

Recovering stolen cryptocurrency presents challenges. In cases of cryptocurrency fraud it is often difficult to identify those responsible, and exchanges and wallet providers can be uncooperative in releasing potentially identifying information, even to their own clients.   Helpfully, following an urgent ex parte application, the English High Court in Ion Science Ltd v Persons Unknown (unreported, 21 December 2020) recently…