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Dana Gas purchase undertaking is “valid and enforceable”, says High Court

By Benjamin Clarke

17 November 2017

Dana Gas purchase undertaking is “valid and enforceable”, says High Court Royal Courts of Justice, London iStock.com/Alphotographic

After five months of legal wrangling, the High Court in London has ruled in favour of certificate holders following a trial over the validity of the purchase undertaking for an US$700 million Islamic bond issued by UAE-incorporated Dana Gas.