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
- HCA4312/1983
Facility Letters construed as loans subject to the lender's reserved right to call in on demand; the review date did not prevent call-in and did not render actions premature; no triable issue on express or implied terms or on election in general; triable issues exist concerning loans used to buy Paliburg shares and as to consideration for various guarantees; where no triable issue existed plaintiffs were entitled to summary judgment, and where triable issues existed defendants were granted unconditional leave to defend.