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Loan agreement—setting aside default judgment—grounds (Lombard North Central plc v European Skyjets Ltd)

Loan agreement—setting aside default judgment—grounds (Lombard North Central plc v European Skyjets Ltd)
Published on: 07 April 2020
Published by: LexisPSL
  • Loan agreement—setting aside default judgment—grounds (Lombard North Central plc v European Skyjets Ltd)
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?
  • Case details

Article summary

Banking & Finance analysis: This case relates to an application to set aside judgment in default in respect of an unpaid loan. While the judge only had to decide whether the various arguments raised by the defendant/borrower were arguable so that they should proceed to trial, some practical points arise in relation to making sure demand and default notices are correct. Written by Charles Joseph, barrister, at Tanfield Chambers. or take a trial to read the full analysis.

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