Source: All England Reporter
Publisher Citation: [2016] All ER (D) 01 (Mar)
Neutral Citation: [2016] EWHC 349 (Comm)
Court: Queen's Bench Division, Commercial Court
Judge:

Burton J

Representation Felicity Toube QC and Charlotte Cooke (instructed by Hogan Lovells International LLP) for the claimant.
  Simon Bryan QC and Edward Brown (instructed by Fladgate LLP) for the defendant.
Judgment Dates: 24 February 2016

Catchwords

Bond - Issue of - Terms and conditions - Construction - Claimant seeking summary judgment in respect of claim that, on proper construction of terms and conditions governing convertible bonds, mandatory conversion notice by defendant being invalid and of no effect - Determination of preliminary issue regarding validity of notice - Whether notice being invalid.

The Case

Bond Issue of. The Commercial Court, ruling on a preliminary issue concerning the validity of a mandatory conversion notice by the defendant, issued in respect of US$70m 2.5% convertible bonds, held that the notice had been valid.

Practice Areas

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