Correction of mistake in deed | Practical Law

Correction of mistake in deed | Practical Law

The High Court has corrected a mistake in a trust deed which, together with a strict interpretation of the deed as a whole, prevented enhanced capital notes being redeemed early, despite the expense of this result for the issuer.

Correction of mistake in deed

Practical Law UK Articles 3-617-4926 (Approx. 3 pages)

Correction of mistake in deed

by Freshfields Bruckhaus Deringer LLP
Published on 23 Jul 2015United Kingdom
The High Court has corrected a mistake in a trust deed which, together with a strict interpretation of the deed as a whole, prevented enhanced capital notes being redeemed early, despite the expense of this result for the issuer.