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
- HCA4311/1983
On construction and implication of the Facility Letters the bank retained the right to reduce or withdraw facilities and to call loans after the review dates; many defendants failed to raise triable issues on express or implied terms or election, so summary judgment was appropriate for principal sums in numerous actions; triable issues were established concerning loans used to acquire Paliburg shares and as to consideration for certain guarantees, entitling those defendants to unconditional leave to defend.