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Conflict of laws

12 September 2014
Issue: 7621 / Categories: Case law , Law digest , In Court
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Lehman Brothers Finance AG (in liquidation) v Klaus Tschira Stiftung GmbH and another company [2014] EWHC 2782 (Ch), [2014] All ER (D) 42 (Aug)

Following a dispute arising from an International Swaps and Derivatives Association Master Agreement, the defendants submitted requests for conciliation to the conciliation authority in Zurich and the claimant issued proceedings in England. The defendants sought a stay of the English proceedings. However, their Swiss proceedings were subsequently dismissed. The Chancery Division held that the initiating of conciliation proceedings by the lodging of a written request for conciliation fell within Art 30 of the Lugano Convention. Were it not for the fact that the Swiss proceedings had been dismissed, a stay of the English proceedings would have been granted.

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MOVERS & SHAKERS

Birketts—trainee cohort

Birketts—trainee cohort

Firm welcomes new cohort of 29 trainee solicitors for 2025

Keoghs—four appointments

Keoghs—four appointments

Four partner hires expand legal expertise in Scotland and Northern Ireland

Brabners—Ben Lamb

Brabners—Ben Lamb

Real estate team in Yorkshire welcomes new partner

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