Asset Manager Poised To Win $50M Loan Fight

Law360, London (March 23, 2021, 1:58 PM GMT) -- The Court of Appeal in London revoked an extension to provide evidence given to a financier fighting a $50 million loan claim on Tuesday, while saying that the investment fund that brought the case has been free to get a default judgment since September.

In its ruling, the Court of Appeal sided with Athena Capital Fund SICAV-FIS SCA, which argued that High Court Judge Richard Jacobs had been misled into granting the extension after a third-party creditor for Crownmark Ltd. said it would pay for some of the defendant's legal costs.

In granting the extension for Crownmark to disclose certain documents,...

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