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Civil Aviation Authority v. R (on the application of Ltd)

United Kingdom - February 13 2020 The recent Court of Appeal decision in Civil Aviation Authority v. R (on the application of Ltd) has clarified the test for…

Daren Allen, Felicity Ewing, Clare Stothard

CFH Clearing v. Merrill Lynch International

United Kingdom - May 28 2019 The High Court has held that a bank was not obliged to reprice or cancel foreign exchange spot trades entered into at a time of severe market…

Thomas Leyland, Matthew Sapte

On what basis can a secured lender refuse consent to a disposal when its consent is "not to be unreasonably withheld"?

United Kingdom - May 8 2018 A contractual provision to the effect that a party's consent should not be unreasonably withheld is a familiar one. When will it be unreasonable to…

Felicity Ewing, Thomas Leyland

Ascertaining fair market value for "repo" trades under GMRA standard terms

United Kingdom - April 23 2018 In the recent decision in LBI EHF v. Raiffeisen Bank International AG [2018] EWCA Civ 719, the Court of Appeal has considered the close-out valuation…

Felicity Ewing, Thomas Leyland, Matthew Sapte