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CONTINENTAL BANK N.A. v. AEAKOS COMPANIA NAVIERA S.A. And OTHERS

Lloyd's Law Reports

CONTINENTAL BANK N.A. v. AEAKOS COMPANIA NAVIERA S.A. And OTHERS

[1994] 1 Lloyd's Rep. 505

COURT OF APPEAL

Before Sir Stephen Brown, President, Lord Justice Steyn and Lord Justice Kennedy

Banking - Stay of action - Jurisdiction clause - Loan agreements contained English jurisdiction clause - Default in payment - Borrowers brought action in Greece - Whether borrowers in breach of contract by suing in Greece - Whether English Courts required to stay English proceedings brought by bank - Civil Jurisdiction and Judgments Act, 1982, arts. 17, 21 and 22.

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