UK court decides $10 billion jet dispute to be heard in London, not Moscow

Chubb

28/03/2024 12:26

LONDON, March 28 (Reuters) - A $10 billion battle
between reinsurers and aircraft leasing companies seeking
payouts for more than 200 jets stuck in Russia should be heard
in London rather than Moscow, London's High Court ruled on
Thursday.
        Aircraft lessors, including Ireland's AerCap  AER.N  and
U.S.-listed Carlyle Aviation Partners  CG.O , are pursuing
insurers for financial losses after Russia's invasion of Ukraine
grounded their jets in Russia.
    The lessors argued the legal case should be heard in London
rather than Moscow, to avoid the risk of unfair hearings or
inconsistent judgments.
    Judge Andrew Henshaw ruled the cases should continue in
London, saying in a written ruling on Thursday that "the
claimants are very unlikely to obtain a fair trial in Russia".

 (Reporting by Sam Tobin; editing by William James)
 ((Sam.Tobin@thomsonreuters.com;))