COMMERCIAL BANK OF THE NEAR EAST Plc. v. A, B, C and D

[1989] 2 Lloyd's Rep. 319

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Saville

Practice - Mareva injunction - Stay of action - Default in repayments due under loan agreement - Plaintiffs claimed inter alia against second defendant as guarantors - Plaintiffs given leave to serve writ out of jurisdiction - Whether second defendant entitled to stay action - Whether Mareva injunction should be varied.