Dahabshiil Wins Injunction Against Barclays

Dahabshiil Wins Injunction AgainstDahabshiil Wins Injunction Against Barclays PR Newswire LONDON, November 5, 2013 The High Court heard an application for an interim injunction to prevent Barclays Bank from terminating the banking services it provides to Dahabshiil, the largest African Money Transfer Operator (MTO) on 15/16 October 2013. Today the Court handed down its judgment, granting an interim injunction which has the effect of preserving Dahabshiil's banking arrangements with Barclays until the conclusion of a full trial and has also awarded Dahabshiil the costs of seeking the injunction. In addition, Barclays has asked for but been refused permission to appeal this judgment. This is not just a victory for Dahabshiil. It is a victory for the millions of Somalis and other Africans, many of whose livelihoods depend on our services. For Dahabshiil's customers the injunction means that they can continue to use Dahabshiil for the foreseeable future. Dahabshiil's claim is about preserving competition in the market. Dahabshiil is small compared to the multinational giant Barclays. The core of Dahabshiil's case is that a dominant firm should not be allowed to push its customers out of the market or treat them differently without objective justification. The court has, after careful consideration, stopped Barclays from doing this until the case is heard at full trial. We anticipate this will take place in 2014 if no solution is found earlier.