A version of this article first appeared in Butterworths Journal of International Banking and Financial Law in June 2025.
In the case of IDBI Bank Limited v Axcel Sunshine Limited & Ors the English High Court held that,...more
Cases on Material Adverse Effect (“MAE”) clauses (also known as Material Adverse Change, or MAC, clauses) rarely come before the English courts, so there are limited English authorities on their construction. The High Court...more
Hogan Lovells Publications | Lev Fin Spin | 07 October 2019 The English High Court has given effect to the terms of a loan agreement relieving a financial institution of the obligation to make interest payments, where to do...more