*BNY Mellon Corporate Trustee Services Ltd v LBG Capital No 1 Plc and another

Bank – Securities. The Supreme Court dismissed the appeal of the trustee for the holders of £3.3bn of enhanced capital notes (ECNs) against a decision that the ECNs were redeemable. In so doing, it held that a 'capital disqualification event' had arisen, as defined in the terms and conditions of the trust deed.

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