Akers & ors v Samba Financial Group [2014] EWCA Civ 1516
Wills & Trusts Law Reports | July/August 2015 #151The claimants appealed a decision to stay their claim on the ground of forum non conveniens.
The fourth claimant (C4) was a Cayman company and was massively insolvent, owing US$2.815bn plus interest to a syndicate of banks including the defendant (D). The first (C1), second (C2) and third claimant (C3) were the liquidators of C4. A winding up petition was presented to the Grand Court of the Cayman Islands on 30 July 2009, commencing the winding up of C4. On 18 September 2009, the winding up order was made.
The claim was brought by C1, C2 and C3 pursuant to s127 of the I...