Claims against the applicants were within the Lugano Convention


Re: Tchenguiz & Ors v Grant Thornton UK LLP & Ors [2015] EWHC 1864 (Comm)

Application brought by Kaupthing Bank and Mr Jóhannsson (JJ), seeking dismissal or a stay of proceedings brought against them. The proceedings brought against Kaupthing Bank were in breach of a prohibition on legal action against them contained in the Icelandic Bankruptcy Act 1991, art 116. However, the claims against both claimants were within the Lugano Convention and not excluded by art 1(2)(b) because neither of the claims directly derived from Kaupthing’s winding-up proceedings.

Samantha Knights was involved in this case