London judge postpones decision on Dana Gas sukuk hearing:
"A London High Court judge will decide on Friday whether to continue proceedings on the validity of $700 million sukuk issued by Dana Gas in a case which is being closely watched by the global Islamic finance industry. United Arab Emirates producer Dana Gas started proceedings in June in UK and UAE courts seeking to have its sukuk, or Islamic bonds, declared invalid and unlawful because of changes in the interpretation of Islamic finance. The UK trial started on Tuesday, but a last-minute injunction obtained by some shareholders from a UAE court in Sharjah prevented Dana Gas and the legal representatives of another party to the case, Deutsche Bank, from participating in the trial."
'via Blog this'
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