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Conflict of laws – Stay of proceedings. The Companies Court considered an application for a stay of proceedings by the defendant financial group. The proceedings concerned the transfer of shares in five Saudi Arabian companies. The claim was made on behalf of a company incorporated under the law of the Cayman Islands. In granting the stay, the court held that the courts of Saudi Arabia were clearly and distinctly a more appropriate forum.
Conflict of laws – Stay of proceedings. The Companies Court considered an application for a stay of proceedings by the defendant financial group. The proceedings concerned the transfer of shares in five Saudi Arabian companies. The claim was made on behalf of a company incorporated under the law of the Cayman Islands. In granting the stay, the court held that the courts of Saudi Arabia were clearly and distinctly a more appropriate forum.
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