CRESCENDO MARITIME CO AND ANOTHER v BANK OF COMMUNICATIONS CO LTD AND OTHERS ALPHA BANK AE v BANK OF COMMUNICATIONS CO LTD AND ANOTHER

[2016] 1 Lloyd's Rep. 414

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr Justice TEARE

Practice – Anti-suit injunction – Shipbuilding contract – Buyer bringing London arbitration against Chinese bank to enforce refund guarantees – Arbitrators finding in favour of buyer – Chinese bank bringing proceedings against buyer and others in China in breach of London arbitration clause – Whether anti-suit injunction should be granted.