T - Termination
20/3/14
BARCLAYS BANK PLC v UNICREDIT BANK AG [2014] EWCA Civ 302
A bank's refusal to consent to the early termination of guarantees it had given in respect of loan portfolios had been exercised in "commercially reasonable" manner in the terms of the guarantees because early termination would have deprived the bank of significant revenue over the remaining term of the transaction. The bank had been entitled to take account of its own interest in preference to that of the counterparty to the guarantees.
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