BANCA CARIGE S.p.A CASSA DI RISPARMIO DI GENOVA E IMPERIA v. BANCO NACIONAL DE CUBA AND ANOTHER

[2001] 2 Lloyd's Rep. 147

CHANCERY DIVISION

Before Mr. Justice Lightman

Practice - Jurisdiction - Leave to serve abroad - Agreement for transfer of shares between first and second defendants - Claimants creditor of first defendant - Allegation transfer of shares at an under value and made for purposes of putting them beyond reach of claimants - Meaning of provisions of CPR 6.20(10) - Application of doctrine of sovereign immunity - Whether claimant had raised a serious issue to be tried - Whether leave to serve out of jurisdiction should be granted.