15 Sept 1983
LLOYDS BANK INTERNATONAL LTD AND ANOTHER v. DERICOURT INVESTMENTS LTD AND OTHERS
- Citation
- LLOYDS BANK INTERNATONAL LTD AND ANOTHER v. DERICOURT INVESTMENTS LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA6512/1983
On construction the Facility Letters created term loans subject to an express reservation that the lender could reduce or withdraw the facility at its sole discretion and the review date did not preclude the lenders from calling the loans; alleged implied terms to prevent demand or require notice were inconsistent with express terms and not implied; the plaintiffs' concurrent tort claims did not amount to an irrevocable election repudiating the loans; triable issues existed as to loans used to buy Paliburg shares and as to consideration for guarantees; where no triable issue exists the court…