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Company Law

Analysis - guidance - compliance

17 MAY 2014

FONS HF (IN LIQUIDATION) FIRST v CORPORAL LIMITED AND OTHERS

FONS HF (IN LIQUIDATION) FIRST v CORPORAL LIMITED AND OTHERS
Court of Appeal
Patten, Gloster & Sharp LLJ
20 March 2014
PATTEN LJ:
Introduction
[1] This appeal concerns the proper interpretation of the definition of the word “Shares” which is contained in clause 1.1 of a legal charge (“the Charge”) entered into on 29th September 2008 between the claimant, Fons HF (“Fons”) as Chargor, and Kaupthing Bank Luxembourg S.A. (“Kaupthing”) as Lender/Chargee.

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