LMA Quarterly Briefing Q1 2018: Plant v Vision Games and Singularis v Daiwa Capital Markets Europe

In this briefing, Natalie Butchart, a solicitor in the LexisPSL Banking & Finance team, looks at the case of Plant and another (administrators of Relentless Software Ltd) v Vision Games 1 Ltd and others [2018] EWHC 108 (Ch), which considered whether or not a lender had any security or other proprietary interest in the proceeds of certain tax credits of a borrower that was in administration where the parties had entered into generic security documentation. The briefing also reviews the case of Singularis Holdings Ltd (in official liquidation) (a company incorporated in the Cayman Islands) v Daiwa Capital Markets Europe Ltd [2018] EWCA Civ 84, which considered whether a bank was liable for negligence pursuant to the Quincecare duty.

Click here to read the full briefing.

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