Dana Gas injunction challenged in UK High Court
Deutsche Bank is leading a group of Sukuk holders challenging the injunction granted to Dana Gas preventing investors from requiring the company to repay $700 million.
In UK High Court on 5 July, Deutsche Bank presented arguments claiming, according to Reuters that Dana Gas’ case was ‘hopeless as a matter of law’.
The court hearing is expected to continue on 6 July. A representative of Deutsche Bank in London declined to comment on the reports.