Legal News

The importance of careful drafting and spens clauses in finance documentation

Published on: 03 February 2016
Published by: LexisPSL
  • The importance of careful drafting and spens clauses in finance documentation
  • Original news
  • What is the background to the case?
  • The spens clause
  • The importance of imperative language
  • Commercial considerations
  • What does this mean for practitioners?

Article summary

Banking & Finance analysis: What did the Commercial Court decide in Canary Wharf Finance plc v Deutsche Trustee Company Ltd? Emma Millington, solicitor in the Lexis®PSL Banking & Finance team, considers the recent decision by the Commercial Court as to whether a prepayment was a mandatory prepayment or voluntary prepayment under the terms and conditions of mortgage-backed debentures and whether a premium was payable to the Noteholders as a result. or take a trial to read the full analysis.

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