BARCLAYS BANK PLC v UNICREDIT BANK AG AND ANOTHER

[2013] 2 Lloyd's Rep. 1

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr Justice POPPLEWELL

Banking – Loan securitisations – Whether claimant bank exercised discretion in “commercially reasonable manner” in refusing to consent to early termination – Whether “entire agreement” clause precluded reliance on shared or acquiesced in understanding or estoppel – Whether claimant unreasonable in seeking to hold defendants to performance of contractual obligations.