7th December 2016
James Watthey successfully represented the Bank of Baroda and Bank of India in a jurisdictional battle in a US$20m ship finance dispute concerning an important point of principle for the international finance community. The bank had executed against various secured assets in India under the Indian “SARFAESI Act” and also sued in the Commercial Court pursuant to a unilaterally exclusive jurisdiction clause.
Sara Cockerill KC sitting as a Judge of the High Court held as follows:
Read the full judgment here.
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