REICHHOLD NORWAY ASA AND ANOTHER v. GOLDMAN SACHS INTERNATIONAL

[1999] 2 Lloyd's Rep. 567

COURT OF APPEAL

Before Lord Bingham of Cornhill, C.J., Lord Justice Otton and Lord Justice Robert Walker

Contract - Stay of proceedings - Pending arbitration - Contract for sale of shares in polymer company - Financial advisers gave plaintiffs financial information on polymer company - Plaintiffs alleged misrepresentation on part of financial advisers and breach of warranty under sale agreement - Arbitration proceedings commenced in Norway - Plaintiffs brought proceedings against financial advisers - Whether English action should be stayed pending determination of arbitration - Whether order made one which Court could lawfully and properly make.