Source: All England Reporter
Publisher Citation: [2005] All ER (D) 253 (Nov)
Neutral Citation: [2005] EWHC 2587 (Comm)
Court: Queen's Bench Division (Commercial Court)
Judge:

Christopher Clarke J

Representation Jonathan Nash (instructed by Eversheds LLP) for the claimant.
  David Wolfson (instructed by Cripps Harries Hall LLP) for the defendant.
Judgment Dates: 18 November 2005

Catchwords

Bank - Bank loan - Assignment - Construction of assignment agreement - Claimant bringing proceedings to recover debt - Whether claimant assignee of loan.

The Case

On the true construction of an assignment agreement, the claimant had been assigned a $US2m interest in a loan facility and was thus entitled to bring proceedings against the defendant to recover that debt.

Practice Areas

If you are a LexisLibrary subscriber you can read more about this case here.