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

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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 …

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