Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

ARGO FUND LTD, THE v ESSAR STEEL LTD

[2006] 2 Lloyd's Rep. 134

COURT OF APPEAL

Before Lord Justice Auld, Lord Justice Rix and Lady Justice Hallett

Banking - Banks entering into syndicated loan facility agreement with borrower - Investment company purchasing debt on secondary debt market - Purchaser alleging borrower in breach of facility agreement by failing to repay debt on date due - Whether purchaser entitled to claim under facility agreement as transferee or assignee of debt.

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