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Permitted assignees and early termination payments (Grant and others as Joint Administrators of Olympia Securities Commercial Plc (in administration)) v WDW 3 Investments Ltd and another [2017] EWHC 2807 (Ch))

Permitted assignees and early termination payments (Grant and others as Joint Administrators of Olympia Securities Commercial Plc (in administration)) v WDW 3 Investments Ltd and another [2017] EWHC 2807 (Ch))
Published on: 13 December 2017
Published by: LexisPSL
  • Permitted assignees and early termination payments (Grant and others as Joint Administrators of Olympia Securities Commercial Plc (in administration)) v WDW 3 Investments Ltd and another [2017] EWHC 2807 (Ch))
  • Original news
  • Why is the case of interest?
  • What were the facts?
  • Issues before the court
  • Was WDW a financial institution?
  • Could IBRC terminate the swaps?
  • Was the ETP a secured liability under the debenture?
  • Conclusions
  • Case details

Article summary

Banking & Finance analysis: This case considers the possibility that a purported assignee of a loan and associated swap and security interests could not rely upon the assignment or the security because of certain alleged defects in the way in which the documents were drafted and the timing of notices given under those documents. or take a trial to read the full analysis.

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