AMC III Purple BV v Amethyst Radiotherapy Ltd

Practice – Summary judgment. The claimant was entitled to summary judgment in its claims for a declaration that there have been events of default under a mezzanine facility agreement (MFA) and a supplemental loan agreement (SLA) under which the claimant lent certain sums to the defendant, for the defendant to pay outstanding interest under the MFA, and for the defendant pay the principal and interest outstanding under the SLA. The Commercial Court further refused the defendant's applications for a stay of the proceedings or enforcement of summary judgment in the claimant's favour pending the outcome of an ICC arbitration.

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