In the light of First Tower Trustees Ltd and another v CDS what advice would you give to the bank in terms of the drafting the information memorandum it provides to potential participant banks that might wish to join a syndicate.
You are a lawyer in the legal department of a large bank that specializes in arranging loans. In the light of First Tower Trustees Ltd and another v CDS (Superstores International) Ltd [2019] 1 WLR 637 Court of Appeal [2018] EWCA Civ 1396 2018, what advice (giving full reasons) would you give to the bank […]