London firm battles wealth manager’s £ 3.1million investment suit

Law360, London (July 19, 2021, 5:59 p.m. BST) – An investment firm sued by STN Capital Partners SPF for £ 3.1million ($ 4.25million) has dismissed the wealth management firm’s claims that a revised loan agreement was made – and left unsigned – after a real estate transaction went wrong, was enforceable.

In its defense filed in the High Court on Thursday, London-based MBU Capital Ltd. asserted that the terms of a March 2018 agreement, under which Luxembourg-based STN would provide it with an interest-free and unsecured loan, were valid, and not the bond instrument drafted in June 2018.

The bond instrument came after the main lender of the real estate development project refused to …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!


Source link


About Author

Leave A Reply