CONTINENTAL BANK N.A. v. AEAKOS COMPANIA NAVIERA S.A. And OTHERS
[1994] 1 Lloyd's Rep. 505
COURT OF APPEAL
Before Sir Stephen Brown, President, Lord Justice Steyn and Lord Justice Kennedy
Banking - Stay of action - Jurisdiction clause - Loan agreements contained English jurisdiction clause - Default in payment - Borrowers brought action in Greece - Whether borrowers in breach of contract by suing in Greece - Whether English Courts required to stay English proceedings brought by bank - Civil Jurisdiction and Judgments Act, 1982, arts. 17, 21 and 22.