||All England Reporter
|| All ER (D) 01 (Mar)
|| EWHC 349 (Comm)
||Queen's Bench Division, Commercial Court
||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.
||24 February 2016
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.
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.
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