Tuesday, 19 September 2017

UPDATE 1-Judge tells Dana Gas London trial could go ahead without it #Sharjah #UAE

UPDATE 1-Judge tells Dana Gas London trial could go ahead without it:

"A High Court judge called on Tuesday on Dana Gas and its creditors to agree on a way for a trial seen as shaping the future of Islamic finance to proceed and said he might complete it regardless of whether all parties were present.

George Leggatt adjourned the trial until Thursday after lawyers for Dana Gas said that it was prevented from taking part in the proceedings because of an injunction by a UAE court.

Leggatt said before adjourning the trial that it was difficult to foresee what arguments could be advanced before the Sharjah court to prevent the English court from ruling on matters of English law."



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