BNY Mellon Corporate Trustee Services Ltd v Taberna Europe CDO I plc and other companies; Citicorp Trustee Company Ltd v Taberna Europe CDO II plc and other companies

Practice – Pre-trial or post-trial judgment relief. The Chancery Division, Financial List, granted Barclays Bank plc summary judgment in respect of one but not the other of its claims alleging breach by the issuers of notes of their obligations, which, it contended was an event of default entitling it to accelerate payment of the notes. There was no prospect of the relevant defendants defending the claim in respect of notes issues in September 2007.

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