Dana Gas PJSC v Dana Gas Sukuk Ltd & Ors [2017]

Court
Written By Louise Glover

Dana Gas PJSC v Dana Gas Sukuk Ltd & Ors [2017] EWHC 2928 (Comm)

“The repayment of a loan is often accompanied by an increase in the amount repaid, "called interest by those who think it lawful and usury by those who do not". The English Court found that an agreement governed by English Law remained valid even th…

“The repayment of a loan is often accompanied by an increase in the amount repaid, "called interest by those who think it lawful and usury by those who do not". The English Court found that an agreement governed by English Law remained valid even though it would offend against the principles of Shari'a law in the country where it was to be performed.”

Asli Erkli
E. G. Arghyrakis & Co.
29th November 2017

Louise Glover
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