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Loan – Loan agreement. In 1997, the first defendant issuer issued a number of notes, which were floating rate commercial mortgage backed securities, as part of a financing structure relating to a total loan of £1,172m. The value of the underlying portfolio dropped and the servicing company sought to sell certain assets to improve the situation. The claimant note trustee issued a CPR Pt 8 claim to determine the best way forward. The Chancery Division held that the offering circular related to the notes could not be viewed as intended to constitute an appointment as defined in a servicing agreement. Further, the servicing agreement provided that the controlling party for the purpose of the service agreement, was to be the issuer.
Loan – Loan agreement. In 1997, the first defendant issuer issued a number of notes, which were floating rate commercial mortgage backed securities, as part of a financing structure relating to a total loan of £1,172m. The value of the underlying portfolio dropped and the servicing company sought to sell certain assets to improve the situation. The claimant note trustee issued a CPR Pt 8 claim to determine the best way forward. The Chancery Division held that the offering circular related to the notes could not be viewed as intended to constitute an appointment as defined in a servicing agreement. Further, the servicing agreement provided that the controlling party for the purpose of the service agreement, was to be the issuer.
Barbara Mills KC, the new Chair of the Bar, outlines some key themes and priorities
A family lawyer has won a £500 donation for her preferred charity, an education centre for women from disadvantaged backgrounds, thanks to drug, alcohol and DNA testing laboratory AlphaBiolabs’ Giving Back campaign
Louise Crush of Westgate Wealth Management highlights some of the ways you can cut your IHT bill
Rachel Davenport breaks down everything you need to know about AlphaBiolabs’ industry-leading laboratory testing services for legal matters
By Louise Crush of Westgate Wealth Management sets out the key steps to your dream property
A centre of excellence for youth justice, the Youth Justice Legal Centre provides specialist training, an advice line and a membership programme
Barbara Mills KC wants to raise the profile of the family Bar. She also wants to improve wellbeing and enhance equality, diversity and inclusion in the profession. She talks to Joshua Rozenberg KC (hon) about her plans for the year ahead
Professor Dominic Regan and Seán Jones KC identify good value bottles across the price spectrum – from festive fizz to reliable reds
Reviews by Daniel Barnett
Governments who play fast and loose with the law get into real trouble, says the new Attorney General. The Rt Hon Lord Hermer KC talks to Anthony Inglese CB about what drew this boy from Cardiff to the Bar, bringing the barrister ethos to the front bench, and how he will be measuring success
Mark Neale, Director General of the Bar Standards Board, offers an update on the Equality Rules consultation
