Aircraft renters fight back in fight over £ 18m loan

Law360, London (Aug 12, 2020, 2:14 p.m. BST) – Husband and wife owners of an aircraft rental company have accused their financiers of omitting vital information and payment records amounting to $ 18million sterling ($ 23.5 million). Legal action over loan agreements.

Raymond Eyre and Diana Denholm-Young admit that a £ 25million loan default “event of default” occurred in April but claim Proventus Capital Partners was aware of it and drew up a new corporate restructuring plan. payments, according to their defense record, dated August 4.

The finance company should be banned from bringing a breach of contract claim because it accepted the act of restructuring, the defense said.

Proventus, who …

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