DIFC 036/2016 on 02/01/2017

(1) Barclays Bank PLC (2) Credit Suisse Loan Funding L.L.C. (3) Midtown Acquisitions L.P. (4) Special Situations Investing Group Inc. v Essar Global Fund Limited on 02/01/2017

Summary

Upon considering the Claimants' Application Notice CFI-036-2016/1 dated 6 November 2016 for immediate judgment (the “immediate judgment application”)

And upon considering the Defendant's Application Notice CFI-036-2016/2 dated 14 November 2016 disputing the jurisdiction of the Court to decide the Claimants' claim (the “jurisdiction application”)

And upon considering the Defendant's Application Notice CFI-036-2016/3 dated 24 November 2016 for an order dismissing or staying the immediate judgment application (the “stay application”)

And upon considering whether the jurisdiction application and the immediate judgment application should be heard in one hearing or the jurisdiction application should be heard separately from and before the immediate judgment application

And upon considering the preliminary skeleton arguments served by the 3rd Claimant and the Defendant

It is hereby ordered that:

1.The stay application is dismissed.

2. The jurisdiction application and the immediate judgment application will be heard together on a date to be fixed.