LMA briefing Q4 2020: case analysis on Raiffeisen Bank International AG and SK Shipping Europe

LMA briefing Q4 2020: case analysis on Raiffeisen Bank International AG and SK Shipping Europe

In this briefing, the LexisPSL Banking & Finance team look at two recent cases dealing with misrepresentation and rescission.

The first, Raiffeisen Bank International AG v Asia Coal Energy Ventures [2020] EWHC 2602 (Comm), looks at misrepresentation in the context of a loan portfolio sale. The second, SK Shipping Europe v Capital VLCC [2020] EWHC 3448 (Comm), considers alleged misrepresentations under a charter agreement. In both cases the courts considered such claims in detail and provided a comprehensive guide to the issues, along with possible remedies, that parties should bear in mind when dealing with claims of this nature. Guidance is also provided on how parties should actually conduct themselves, irrespective of the documentation wording.

Click here to read the briefing.

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About the author:

Neil specialises in banking and asset finance transactions with a particular emphasis on shipping finance, aviation finance, renewable energy finance and in providing corporate finance transactional support. Neil qualified as a solicitor with TLT in 2004 and worked as a finance solicitor in both the Bristol and London offices before joining the asset finance team at DLA Piper.