Court of Appeal Arnhem-Leeuwarden: Termination of a credit agreement by the bank was allowed, following reduction of the value of pledged shares caused by actions of the borrower

In a judgment dated 13 October 2015 in proceedings between a bank and its client the Arnhem-Leeuwarden Court of Appeal ruled that the bank was allowed to terminate the credit agreement with the client on the grounds that the client had caused a reduction in the value of shares pledged to the bank.

Arnhem-Leeuwarden Court of Appeal 13 October 2015 (ECLI:NL:GHARL:2015:8354)

Filed under:
Netherlands, Banking, Insolvency & Restructuring, Litigation, Stibbe, Debtor, Court of Appeal of England & Wales
Authors:
Nicole Meijs
Location:
Netherlands
Firm:
Stibbe