Tchenguiz and others v Kaupthing Bank HF and another

Conflict of laws – Jurisdiction. The Court of Appeal, Civil Division, dismissed the claimants' appeal against the judge's decision, dismissing their claims for unlawful means conspiracy against the fourth defendant Icelandic bank. There was no implied restriction in Directive (EC) 2001/24 of the European Parliament and Council upon the application of the law of the home member state wherever it would have a jurisdictional effect and the effect of Icelandic bankruptcy law was that, when used with effect outside Iceland, no civil proceedings could be brought in any court, inside or outside Iceland, against a credit institution in liquidation.

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