Outline Chambers Briefings | International Legal News
28 September 2026
Each week, Outline Chambers provides a concise overview of key developments across international law, arbitration and global governance.
This week: the UK Supreme Court clarifies contractual recovery of third-party losses; the UK strengthens its approach to money laundering and asset recovery; new rules reshape cryptoasset regulation; and sanctions disputes involving Russia, major financial institutions and the ICC highlight the continuing complexity of cross-border enforcement.
Read the full briefing for a concise overview of the developments shaping international litigation, regulation, sanctions and cross-border enforcement this week.
UK Supreme Court clarifies recovery of third-party losses in contract claims
The UK Supreme Court has handed down its judgment in Forthwell Ltd v Pontegadea UK Ltd, addressing when a contracting party can recover damages for losses suffered by a third party.
The decision is directly relevant to commercial litigation, corporate structures and contractual damages, making it a strong UK legal story with wider international relevance. (Supreme Court UK)
UK launches major new anti-money laundering and asset recovery strategy
The UK Government has announced a £500 million programme and 500 additional officers across the police, NCA and CPS to target money laundering and recover criminal assets, including international laundering networks.
This is a significant development for AML, financial crime, asset recovery and cross-border enforcement. (GOV.UK)
UK moves towards a new regulatory regime for cryptoassets
The FCA has issued new guidance ahead of the opening of the UK cryptoasset authorisation gateway on 30 September 2026.
The regime will cover activities including cryptoasset trading platforms, custody, dealing and stablecoins, making this important for financial regulation, AML, fintech and international firms operating into the UK. (FCA)
EU renews Russia sanctions while removing Usmanov and Fridman
The EU has renewed sanctions against approximately 3,000 Russian individuals and entities for three years, while removing Alisher Usmanov and Mikhail Fridman from the list.
The decision has significant implications for sanctions challenges, asset freezes, delisting, EU judicial review and cross-border enforcement. (Reuters)
Raiffeisen wins €3.15bn judgment against sanctioned Russian company
A Vienna court has issued a default judgment requiring the sanctioned Russian company Rasperia to pay approximately €3.15 billion to Raiffeisen Bank International.
The case is an especially interesting example of the intersection between sanctions, banking disputes, cross-border litigation and enforcement involving Russian assets and counterparties. (Reuters)
US prepares sanctions targeting the International Criminal Court
The US administration is reportedly preparing sanctions against the ICC as an institution, potentially affecting financial transactions, technology, insurance and other services provided to the Court.
This raises significant issues around international criminal law, sanctions compliance, international institutions and the practical reach of US sanctions outside the US. (Reuters)
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