BANQUE CANTONALE VAUDOISE v. WATERLILY MARITIME INC. AND OTHERS

[1997] 2 Lloyd's Rep. 347

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Cresswell

Banking - Jurisdiction - Anti-suit injunction - Loan agreement - Conferring jurisdiction concluded for benefit of bank only - Bank alleged default under loan and commenced proceedings in England - Bank commenced proceedings in Greece to enforce mortgage - Defendants commenced proceedings - Possibility of conflicting judgments - Whether defendant should be restrained from proceeding in Greece - Civil Jurisdiction and Judgments Act, 1982, Schedule, arts. 17, 21, 22.