The Court of Appeal granted recognition of an ICAC Ukraine award, rejecting the argument made by the defendant that the award was not yet binding under Art. V(1)(e) of the New York Convention because an appeal was pending in Ukraine against the first instance decision that had denied the annulment application. The Court explained that the pending annulment action did not affect the binding nature of the award. It also dismissed the claim that recognition and enforcement would be at odds with German public policy within the meaning of Art. V(2)(b).