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
- HCA6510/1983
Facility Letters construed as term loan offers subject to an express lender reservation allowing reduction or withdrawal and to review dates after which loans could be called in; no implied term precluding demand or requiring notice inconsistent with express terms; plaintiffs' earlier fraud pleadings did not amount to an unequivocal election to repudiate the loan contracts; triable issues exist as to loans used to buy Paliburg shares and as to consideration for guarantees; where no triable issue exists the plaintiffs are entitled to summary judgment for principal sums and where triable issues…