GLENCORE INTERNATIONAL A.G. v. METRO TRADING INTERNATIONAL INC. ITOCHU PETROLEUM CO. (S) PTE. LTD. AND SINGAPORE PETROLEUM CO. AND BANQUE TRAD-CRÉDIT LYONNAIS (FRANCE) S.A. (THIRD PARTY) METRO TRADING INTERNATIONAL INC. v. ITOCHU PETROLEUM CO. (S) PTE. LTD. AND BANQUE TRAD-CRÉDIT LYONNAIS (FRANCE) S.A. (THIRD PARTY)

[1999] 2 Lloyd's Rep. 632

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Moore-Bick

Practice - Jurisdiction - Stay of action - Contracts for sale of cargo of oil contained exclusive English jurisdiction clause - Plaintiffs claimed against defendants in conversion - Bank brought proceedings in Paris to recover proceeds of sale - Third party proceedings brought in England against bank - Whether proceedings involved same parties and same cause of action - Whether English or French Court first seised of action - Whether bank bound by exclusive jurisdiction clause - Whether proceedings should be stayed - Civil Jurisdiction and Judgments Act, 1982, Schedule, arts. 17, 21, 22.