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Nov 29, 2012

English High Court Rules on Security Trustee’s Duties to Mezzanine Lenders on Enforcement of Security

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The High Court has recently held that a security trustee under an intercreditor agreement owed duties to mezzanine lenders that are equivalent to those owed by a mortgagee to a mortgagor, which were not fiduciary duties. The detailed judgment contains many other points of considerable interest to security trustees and to the wider leveraged finance market.

View full memo, "English High Court Rules on Security Trustee’s Duties to Mezzanine Lenders on Enforcement of Security"

Authors and Contributors

Jo Rickard

Partner

Litigation

+44 20 7655 5781

+44 20 7655 5781

London

David Shennan

Senior Associate

Finance

+44 20 7655 5701

+44 20 7655 5701

London

Practices