CREDIT SUISSE FIRST BOSTON (EUROPE) LTD. v. MLC (BERMUDA) LTD. (formerly MLC EMERGING MARKETS LTD.)

[1999] 1 Lloyd's Rep. 767

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Rix

Practice - Jurisdiction clause - Anti-suit injunction - Purchase of Russian bonds from plaintiffs - Purchase agreement contained English jurisdiction clause - Dispute between plaintiffs and defendants - Defendants commenced proceedings in America - Whether clause an exclusive jurisdiction clause - Scope of clause - Whether clause restrained defendants from bringing proceedings in America - Whether anti-suit injunction should be granted - Whether English action should be stayed.