High Court considers whether spens clause was triggered by securitisation note redemption | Practical Law

High Court considers whether spens clause was triggered by securitisation note redemption | Practical Law

In Canary Wharf Finance II Plc v Deutsche Trustee Company Ltd and others [2016] EWHC 100 (Comm) (28 January 2016), the High Court had to interpret provisions used in documents for the securitisation of the Canary Wharf group's real estate portfolio to establish whether a premium under the spens or "make whole" clause was required to be paid.

High Court considers whether spens clause was triggered by securitisation note redemption

by Practical Law Finance
Published on 11 Feb 2016 • England, Wales
In Canary Wharf Finance II Plc v Deutsche Trustee Company Ltd and others [2016] EWHC 100 (Comm) (28 January 2016), the High Court had to interpret provisions used in documents for the securitisation of the Canary Wharf group's real estate portfolio to establish whether a premium under the spens or "make whole" clause was required to be paid.