UK Won't Halt Rival Lebanese Foreign Fund Transfer Suit

Law360, London (June 4, 2021, 7:08 PM BST) -- A London judge refused Friday to block proceedings against a U.K. resident in Lebanon before an upcoming trial over a $1.4 million bank deposit barricaded by the country's restrictions on foreign currency withdrawals after the bank agreed not to take further action in the foreign suit.

High Court Judge Clive Freedman adjourned an application for an anti-suit injunction brought by Lebanese national Bilal Khalifeh to force Blom Bank SAL to drop proceedings against him in Lebanon. In his ruling, Judge Freedman said he was satisfied with a number of concessions made by the bank when making his decision. Blom Bank has said...

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