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Contract – Construction of contract. The Financial List considered issues concerning the rights attaching to the Class X note in a commercial mortgage-backed securitisation structure called 'Windermere VII', which had been arranged by Lehman Brothers International (Europe) in 2006. It rejected the claimant note holder's contention that the terms of an intercreditor agreement disclosed a mistake, which could be corrected by construction or by implication of words. It held, among other things, that there had not been an underpayment of the Class X interest amount for the January 2015 or October 2015 payment dates for loans made under the CMBS structure and no event of default had occurred as a consequence.
Contract – Construction of contract. The Financial List considered issues concerning the rights attaching to the Class X note in a commercial mortgage-backed securitisation structure called 'Windermere VII', which had been arranged by Lehman Brothers International (Europe) in 2006. It rejected the claimant note holder's contention that the terms of an intercreditor agreement disclosed a mistake, which could be corrected by construction or by implication of words. It held, among other things, that there had not been an underpayment of the Class X interest amount for the January 2015 or October 2015 payment dates for loans made under the CMBS structure and no event of default had occurred as a consequence.
Making a move from the Bar to a career in governance: Maria Brookes outlines three good reasons to switch and how to do it
Inés Rivera explains how speech recognition can help barristers create accurate documentation faster
What should barristers be doing on the personal finance front ahead of the end of the tax year on 5 April? Julian Morgan of Fleet Street Wealth answers your questions
Are you ready to embark on this arduous but potentially rewarding journey? Julie Gottlieb of Sherwood PSF Consulting provides a self-examination checklist, hints and tips to help you prepare for a future application
Unlocking your aged debt to augment cash flow in one easy step… By Philip N Bristow of Vector Professions Finance
The Westminster Commission on Miscarriages of Justice, set up to revisit the work of the CCRC after 25 years of operation, identified serious issues that risk miscarriages of justice remaining unidentified or unremedied. By Edward Garnier QC Michelle Nelson QC
Unsparing in his criticism, the former Attorney General reflects on recent events in government and his own experience of being chief legal adviser. Interview by Anthony Inglese CB
Making a move from the Bar to a career in governance: Maria Brookes outlines three good reasons to switch and how to do it
Sports coaches will be caught by a change in the law that addresses the disparity in treatment for 16- to 17-year-olds, writes Cameron Brown QC
Dissent and protest are a healthy safety valve for every democracy, write Sailesh Mehta and Caroline Baker, yet recent events have put the proposals around policing public protest under the spotlight and many do not like what they see
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