Clause may be penalty despite limited impact on contract breaker (High Court) | Practical Law

Clause may be penalty despite limited impact on contract breaker (High Court) | Practical Law

In Hayfin Opal Luxco 3 SARL & another v Windermere VII CMBS plc and others [2016] EWHC 782 (Ch), the court considered the interpretation of complex financial instruments, and whether an interest rate provision was void as a penalty.

Clause may be penalty despite limited impact on contract breaker (High Court)

Practical Law UK Legal Update Case Report 7-627-2208 (Approx. 7 pages)

Clause may be penalty despite limited impact on contract breaker (High Court)

by Michael James, author and barrister
Published on 27 Apr 2016 • England, Wales
In Hayfin Opal Luxco 3 SARL & another v Windermere VII CMBS plc and others [2016] EWHC 782 (Ch), the court considered the interpretation of complex financial instruments, and whether an interest rate provision was void as a penalty.