Source: All England Reporter
Publisher Citation: [2012] All ER (D) 28 (Aug)
Neutral Citation: [2013] EWHC 2321 (Comm)
Court: Queen's Bench Division, Commercial Court
Judge:

Mr Justice Simon

Representation James Cutress (instructed by Dentons UKMEA LLP) for DVB Bank SE.
  Peter Irvin (instructed by Stephenson Harwood LLP) for Meli Bnak Plc and Persia International Bank plc.
  Peter de Verneuil Smith (instructed by Holman Fenwick Willan LLP) for the defendants.
Judgment Dates: 31 July 2013

Catchwords

Practice - Pre-trial or post-judgment relief - Summary judgment - Claimant bank bringing claim against defendants for failure to repay loan - Claimant applying for summary judgment - Whether summary judgment to be granted - Council Regulation (EU) (concerning restrictive measures against Iran) SI No 267/2012.

The Case

Practice Pre-trial or post-judgment relief. The claimants loaned money to the defendants. When the defendants defaulted the claimants brought an action seeking repayment of the money. They applied for summary judgment. The Commercial Court granted the application as the borrowers and guarantors had no prospect of success at trial and therefore there had to be summary judgment for DVB and Melli Bank against the borrowers under the loan agreement and for DVB against the guarantors under the guarantees.

Practice Areas

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