ca 004 2015

STANDARD CHARTERED BANK v INVESTMENT GROUP PRIVATE [2015] DIFC CA 004 — The inapplicability of forum non conveniens between UAE courts (19 November 2015)

The dispute centers on two loan agreements and a Share Pledge Agreement executed between Standard Chartered Bank (SCB) and Investment Group Private Limited (IGPL). Following alleged defaults, SCB initiated proceedings in the DIFC Courts to recover outstanding sums and enforce the security.