LMA briefing Q4 2019: Farrar v Rylatt [2019] EWCA Civ 1864

LMA briefing Q4 2019: Farrar v Rylatt [2019] EWCA Civ 1864  
In this briefing, the LexisPSL Banking & Finance team looks at two recent cases that impact on the
drafting of term sheets. The first, Farrar v Rylatt [2019] EWCA Civ 1864, confirms the effectiveness of
the phrase ‘subject to contract’ to prevent a binding contract being formed. The second, Roundshield
Partners LLP v Ciudad Real international Airport SL [2019] EWHC 2733 (QB), looks at a claim by a lender
against a sponsor for advisors’ fees under the costs and expenses clause in the term sheet after a
transaction fell away.

 

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About the author:

Miranda is a solicitor specialising in leveraged and acquisition finance. She trained at Hogan Lovells International LLP and qualified into the international banking and finance team. During her time at Hogan Lovells she worked on a variety of domestic and cross-border transactions, acting for both borrowers and lenders. She also experienced secondments to Barclays Bank PLC and Kaupthing Bank hf.