Cukurova Finance International Ltd v Alfa Telecom Turkey Ltd

Cukurova Finance International Ltd & Anor v Alfa Telecom Turkey Ltd [2009] UKPC 19 (5 May 2009), P.C. (on appeal from British Virgin Islands), [2012] UKPC 20 (23 May 2012), [2013] UKPC 2 (30 January 2013), [2013] UKPC 20 (9 July 2013), [2013] UKPC 25 (29 July 2013) and [2014] UKPC 15 (13 May 2014) were a series of judicial decisions of the Judicial Committee of the Privy Council, one of which ([2013] UKPC 2) is a leading case on the remedy of appropriation for security interests that was introduced into United Kingdom law under the Financial Collateral Arrangements (No.2) Regulations 2003, which implemented the Financial Collateral Arrangements Directive. Together with its related appeals on preliminary and subsequent issues, it has defined the scope of the remedy, as well as what equitable relief may be available.

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