Herbert Smith Freehills summarises the July 2018 English High Court’s decision in Asset Management Corporation Of Nigeria v Qatar National Bank [2018] EWHC 2218 (Comm), where the Court dismissed an on-the-papers application under s.68 of the English Act on the basis that the application had no reasonable prospect of success. The authors comment that the decision serves as an example of the court employing the summary procedure to dismiss a s.68 application on the papers, and how the drawn out process highlights the practical difficulties in quickly disposing of meritless applications. …READ MORE
See also the review by CMS
