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Construction of an 'all monies' legal charge

Construction of an 'all monies' legal charge
Published on: 31 July 2014
Published by: LexisPSL
  • Construction of an 'all monies' legal charge
  • What were the facts in this case?
  • What were the key issues in this case?
  • What did the court decide?
  • Could the reference to 'all monies' be construed as limited to the initial facility?
  • Was the email a collateral warranty or did it give rise to an estoppel?
  • Did the comfort letter carve out the further facility from the scope of the legal charge?
  • Were the claimants entitled to rectification of the comfort letter?
  • Was the appointment of receivers in fact an appointment by the bank as agent for NAMA and therefore invalid?
  • Why is this case useful for practitioners?

Article summary

Banking & Finance analysis: What does a recent decision from the High Court tell us about the scope and construction of an ‘all monies’ legal charge? or take a trial to read the full analysis.

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