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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.
The Chair of the Bar sets out how the new government can restore the justice system
In the first of a new series, Louise Crush of Westgate Wealth considers the fundamental need for financial protection
Unlocking your aged debt to fund your tax in one easy step. By Philip N Bristow
Possibly, but many barristers are glad he did…
Mental health charity Mind BWW has received a £500 donation from drug, alcohol and DNA testing laboratory, AlphaBiolabs as part of its Giving Back campaign
The Institute of Neurotechnology & Law is thrilled to announce its inaugural essay competition
How to navigate open source evidence in an era of deepfakes. By Professor Yvonne McDermott Rees and Professor Alexa Koenig
Brie Stevens-Hoare KC and Lyndsey de Mestre KC take a look at the difficulties women encounter during the menopause, and offer some practical tips for individuals and chambers to make things easier
Sir Geoffrey Vos, Master of the Rolls and Head of Civil Justice since January 2021, is well known for his passion for access to justice and all things digital. Perhaps less widely known is the driven personality and wanderlust that lies behind this, as Anthony Inglese CB discovers
The Chair of the Bar sets out how the new government can restore the justice system
No-one should have to live in sub-standard accommodation, says Antony Hodari Solicitors. We are tackling the problem of bad housing with a two-pronged approach and act on behalf of tenants in both the civil and criminal courts