HAWKE BAY SHIPPING CO. LTD. AND OTHERS v. THE FIRST NATIONAL BANK OF CHICAGO (THE "EFTHIMIS", "PAVLINA", "TITIKA P" AND "JUVENA")

[1986] 1 Lloyd's Rep. 244

COURT OF APPEAL

Before Lord Justice O'Connor, Lord Justice Purchas and Lord Justice Mustill

Practice - Stay of action - Jurisdiction - Bank entered into loan agreement with first four plaintiffs guaranteed by fifth and sixth plaintiffs - Vessels mortgaged as security - Non-compliance with terms of loan - Bank demanded repayment - Whether action an abuse of process of Court - Whether action should have been brought in Greece - Whether action should be stayed.