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Celestial v UniCredit: the Supreme Court decision and its ramifications

29 June 2026 / Author(s): James Sheehan KC , James Clarke , Julian Godfray
Issue: July 2026 / Categories: Feature

This article considers the decision of the Supreme Court in Celestial Aviation Services Limited v UniCredit Bank GmbH [2026] UKSC 10,1 looking at the court’s approach as a matter of law and the practical and commercial ramifications of the decision, on the world of trade finance in particular.

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