Canary Wharf Finance II plc v Deutsche Trustee Company Limited (2016)
Judgment Date: 28 Jan 16
Summary Where the terms relating to the issue of mortgage-backed debentures gave the borrower an option to release a secured property in return for a prepayment of the debenture out of the sale proceeds, that prepayment was not a "mandatory repayment". As a matter of language and on the basis...