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
- HCA4309/1983
Facility Letters were construed as granting loans subject to a lender's reserved right to reduce or withdraw and to call loans after the review date; the express terms and surrounding circumstances did not give rise to implied terms preventing demand or requiring notice; plaintiffs had not elected to repudiate loans by issuing the earlier fraud proceedings; triable issues exist only in relation to loans connected to the Paliburg share transactions and as to consideration for several guarantees; where no triable issue exists summary judgment for principal sums should be entered and leave to de…