Tael One Partners Ltd v Morgan Stanley & Co International plc

Subject Matter

CONTRACT — Construction — Secondary loan agreement — Facility agreement providing for payment premium to be paid by borrower on repayment of loan — Claimant lender transferring participation in loan to defendant — Whether payment premium “expressed to accrue by reference to lapse of time” — Whether claimant having entitlement to payment premium attributable to period prior to transfer — Loan Market Association standard terms and conditions for par trade transactions, condition 11(9)

[2015] UKSC 12; [2015] Bus LR 278; [2015] 4 All ER 545; [2015] 2 All ER (Comm) 1067; The Times, 23 March 2015; [2015] WLR (D) 122; Case details, SC(E)

Appellate History

Tael One Partners Ltd v Morgan Stanley & Co International plc [2013] EWCA Civ 473; [2013] 1 CLC 879; [2013] CN 656, CA

Decision of the Court of Appeal affirmed on different grounds

Tael One Partners Ltd v Morgan Stanley & Co International plc [2015] UKSC 12; [2015] Bus LR 278; [2015] 4 All ER 545; [2015] 2 All ER (Comm) 1067; The Times, 23 March 2015; [2015] WLR (D) 122; Case details, SC(E)

Tael One Partners Ltd v Morgan Stanley & Co International plc

Decision of Popplewell J reversed

Tael One Partners Ltd v Morgan Stanley & Co International plc [2013] EWCA Civ 473; [2013] 1 CLC 879; [2013] CN 656, CA

Commentary

UK Supreme Court Blog
Case Comment: Tael One Partners Limited v Morgan Stanley & Co International plc [2015] UKSC 12 [2015] Cas Com 10

Subscribe or Register to access the full case information page. Registered users can access three Law Reports, three case information pages and perform three Case Genie searches per month. If you already have an ICLR account please log in. For other queries or to request a free trial please contact ICLR.

MoJ users should log in here.

We use cookies on this website, you can read our Privacy and Cookies Policy. To use website as intended please Accept Cookies