The court considered the construction of a ‘no action’ clause in a bond, under which clause only the trustee would have the right to take action to enforce it.
Sir Anthony May, Hallett LJ, Lawrence Collins LJ
[2008] EWCA Civ 1178, [2009] 2 All ER (Comm) 213, [2009] 1 Lloyd’s Rep 59
Bailii
England and Wales
Citing:
Cited – Casurina Limited Partnership v Rio Algom Ltd 21-Jan-2004
(Court of Appeal for Ontario) The upheld the lower court’s approval of the approach in the United States (citing Feldbaum v. McCrory Corp., 1992 Del. Ch. LEXIS 113) that in consenting to no-action clauses by purchasing bonds, bondholders waive their . .
Cited – Highberry Limited, Highberry Llc v Colt Telecom Group Plc; in Re Colt Telecom Group plc (No 1) ChD 25-Nov-2002
Application for disclosure of documents, the provision of information, and directions for cross-examination in an unusual petition for an administration order. No-action clauses have been the subject of discussion in the International Court of . .
Lists of cited by and citing cases may be incomplete.
Banking
Updated: 13 December 2021; Ref: scu.277141
