Hearings
England & Wales
03 Jul 1986 [1986] QB 1225; [1986] 3 WLR 606; [1986] 3 All ER 682, CA
05 Nov 1986 (pet dis) [1986] 1 WLR 1379, HL(E)
Muduroglu Ltd v T C Ziraat Bankasi
Subject Matter
PRACTICE — Stay of proceedings — Jurisdiction — Turkish Cypriot company entering into construction contract for works in Libya — Counter-guarantee of advance payments by Turkish bank — Counter-guarantee secured by deposits by plaintiffs — Turkish bank paying under counter-guarantee and enforcing security — Action by plaintiffs to recover deposits — Whether action to be stayed — Exercise of discretion