Barclays has won its bid to prevent the court of Dubai International Financial Centre from hearing claims that it was involved in an alleged attempt to defraud a Greek company.
In a judgement issued Wednesday Sir Anthony Colman, DIFC Courts' Deputy Chief Justice, rejected arguments put forward by Corinth Pipeworks that the DIFC Courts held jurisdiction over the matter.
Lawyers on behalf of Corinth were attempting to sue Barclays at the DIFC Courts, arguing that as Barclays Bank PLC is registered at the DIFC, its Dubai branches - including the one claimed to have assisted in an alleged fraud - fell under the DIFC Courts' jurisdiction. Lord Colman said this argument was "fundamentally defective".
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