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Continuing or cured? The suspension of swap payments following an event of default may not be unlimited | Hogan Lovells

The High Court of England and Wales has recently provided welcome clarification around the nature of events of default under derivatives contracts governed by the ISDA Master Agreement,...
Firth Rixson Justice Hildyard Fr Acquisitions Corporation Europe Ltd Lehman Brothers International Europe High Court Firth Rixson Inc

Lombard North Central Plc v European Skyjets Ltd: Guidance for Lenders

Lombard North Central Plc v European Skyjets Ltd; Guidance for Lenders and Restructuring Professionals. The Court found in favour of Lombard. Lombard was judged to have been entitled to terminate and accelerate the loan agreement albeit on the basis of misrepresentation.
English High Court European Skyjets Group Company Lombard North Central Plc European Skyjets Ltd European Skyjets Limited

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