Saturday 23 September 2017

Dana Gas sukuk trial to continue in London on Monday - The National

Dana Gas sukuk trial to continue in London on Monday - The National:

"A complex trial on the validity of a Dana Gas Islamic bond will continue on Monday in London amid an ongoing dispute between bondholders including BlackRock and the Sharjah-based company.   The case will continue despite an injunction from a UAE court preventing Dana Gas and some of its bondholders from participating.  "The trial will proceed on Monday," said the UK high court judge George Leggatt. "I will treat the defendants' counterclaim as the primary claim and will hear oral argument on behalf of BlackRock as intervenors. They will be opening the case." "



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