Nexedge Markets Limited v Trex Global Limited
Summary judgment is granted because the defendant has no real prospect of defending the claim for repayment of US$1.5 million advanced under loan agreements governed by English law, and foreign insolvency proceedings in Mauritius do not bar the English court from proceeding. Potential defences and counterclaims are not pleaded or substantiated.
Source excerpt
- Loan agreements
- Summary judgment
- Foreign insolvency proceedings
- Conflict of laws
- Costs assessment