Consultancy Wins Appeal Over Fees For $57M Developer Loan

Law360, London (June 8, 2021, 7:22 PM BST) -- A London appeals court on Tuesday revived EMFC Loan Syndications LLP's efforts to recoup fees for the work it carried out to arrange a $57 million loan facility for a luxury property developer, sending the dispute back for another trial.

The Court of Appeal has overturned a March 2020 decision from the High Court that let luxury property developer The Resort Group PLC off the hook for EMFC's over €700,000 ($852,500) in fees, which were racked up while the loan consultancy was helping TRG secure a targeted €130 million in long-term financing.

The lower court judge had found that for EMFC...

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