Wednesday 05, July 2017 by Georgina Enzer

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.

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