Cases: top 3 developments

In this video, Ian Callaghan and Kirsty Thomson, Banking partners, discuss key cases affecting the banking market during the first half of 2018. “No oral variation” contractual clauses, contractual requirements for consent “not to be unreasonably withheld or delayed”, the meaning of “control” and whether certain contractual provisions constituted unenforceable penalties have all been the subject of recent cases. We examine what each means for loan market participants.