Taurus Petroleum Ltd v State Oil Marketing Co of the Ministry of Oil, Republic of Iraq

Subject Matter

EXECUTION — Third party debt proceedings — State immunity — Claimant applying to court to enforce arbitral award against defendant — Situs of debts — Whether court having jurisdiction to make interim third party debt orders — Whether defendant entitled to state immunity — State Immunity Act 1978, s 14 — CPR Pt 72

[2013] EWHC 3494 (Comm); [2014] 1 All ER (Comm) 942; [2014] 1 Lloyd's Rep 432; [2013] CN 1836, QBD

EXECUTION — Third party debt proceedings — Jurisdiction to make order — Court making third party debt orders in respect of moneys payable under letters of credit issued in London for payment into New York account — Whether court having jurisdiction

[2017] UKSC 64; [2018] AC 690; [2017] 3 WLR 1170; [2018] 2 All ER 675; [2018] 1 All ER (Comm) 1005; [2018] 1 Lloyd's Rep 29; [2017] WLR (D) 701; Case details, SC(E)

ARBITRATION — Award — Enforcement — Contracts for sale of crude oil by defendant to claimant — Disputes referred to arbitrator and award made in favour of claimant — Defendant declining to pay award — Claimant seeking to enforce award by third party debt orders in respect of letters of credit issued by London branch of French bank for payment to be made to New York bank in favour of party other than defendant — Court granting third party debt orders and appointing receiver — Whether situs of debt in England — Whether English court having jurisdiction to make orders — Whether orders to be set aside

[2017] UKSC 64; [2018] AC 690; [2017] 3 WLR 1170; [2018] 2 All ER 675; [2018] 1 All ER (Comm) 1005; [2018] 1 Lloyd's Rep 29; [2017] WLR (D) 701; Case details, SC(E)

Appellate History