Deutsche Trustee Company Ltd v Duchess VI CLO BV and other companies

Loan – Loan agreement. The Chancery Division considered the entitlement of certain noteholders to money in respect of an incentive collateral management fee that was alleged to have fallen due as a result of the noteholders voting to redeem the notes. The court held that, on the true construction of the collateral management agreement that governed the notes, the noteholders were entitled to the money.

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