DEUTSCHE BANK AG v UNITECH GLOBAL LTD AND ANOTHER

[2013] 2 Lloyd's Rep. 629

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr Justice TEARE

Banking – Credit facility – Interest rate swap – Application by defendant to amend defences – Application by claimant for summary judgment – Issue estoppel – Effect of alleged manipulation of LIBOR rate by claimant – Effect of infringement of article 101 of the TFEU and section 2 of the Competition Act 1998 – Bretton Woods Agreement – Duty of disclosure owed to guarantor – Effect of illegality in performance – Duty of care owed by lender – Effect of disclaimer.