Security Agent Gets Early Win In $45M Ship Loan Dispute

Law360, London (July 22, 2020, 7:57 PM BST) -- A Norwegian security agent for a $45 million loan that was personally guaranteed by a Dubai shipping broker has scored an early win in its suit against the businessman and his son.

Oslo-based Nordic Trustee AS, which provides security agent services for lending agreements, was granted summary judgment in the High Court against shipping broker Muhammad Tahir Lakhani, according to a newly released order from Judge David Foxton.

Nordic Trustee was a co-claimant in litigation brought by investment manager Njord Partners SMA-SEAL LP and two other private equity lenders over the loan, made to a company called Astir Maritime Ltd, which...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!