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
- HCA6514/1983
Facility Letters were construed to reserve to the lenders a continuing discretion to reduce or withdraw facilities at or after the review date such that loans could be called in on demand; no election arose from the earlier tort pleadings to bar suing on loans; triable issues exist concerning loans made for Paliburg share acquisitions and the consideration supporting certain guarantees; where no triable issue exists court granted summary judgment for principal sums in specified actions and refused leave to defend, while granting unconditional leave to defend where triable issues were found.