CRDB BANK PLC VS STELLA ANDREW COMM CASE NO
The dispute resolution clause in the Deed of Assignment is binding and applies to the present dispute as the agreements are interconnected. The Plaintiff failed to comply with the requirement to attempt amicable settlement before filing suit. The court's jurisdiction is not ousted, but the suit must be stayed to allow parties to exhaust agreed ADR mechanisms.
Source excerpt
- Alternative dispute resolution
- Jurisdiction
- Loan agreements
- Enforcement of contractual clauses