Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

DEUTSCHE BANK AG v UNITECH GLOBAL LTD AND ANOTHER

[2013] Lloyd's Rep Plus 85

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Teare

Banking - Credit facility - Interest rate swap - Application by defendant to amend defences - Application by claimant for summary judgment - Issue estoppel - Effect of alleged manipulation of LIBOR rate by claimant - Effect of infringement of article 101 of the TFEU and section 2 of the Competition Act 1998 - Bretton Woods Agreement - Duty of disclosure owed to guarantor - Effect of illegality in performance - Duty of care owed by lender - Effect of disclaimer.

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