Noteholders entitled to declaration that restructuring of a separate debt amounts to an event of default under the notes

Fomento De Construcciones Y Contratas SA v Black Diamond Offshore Ltd (Court of Appeal hearing)

The Court of Appeal has rejected an appeal brought by a leading Spanish company ("FCC") against a first instance decision that an event of default had occurred in respect of a debt instrument.

Background

Filed under:
United Kingdom, Capital Markets, Insolvency & Restructuring, Litigation, DAC Beachcroft, Debt, Federal Communications Commission (USA), Court of Appeal of England & Wales
Authors:
Jonathan Brogden , James Entwisle
Location:
United Kingdom
Firm:
DAC Beachcroft