Swap Termination Costs Recoverable from Third Party

August 2010
David Barwise, Ingrid York

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In Parbulk AS v Kristen Marine SA, Aurele Trading Inco [2010] EWHC 900 (Comm), the High Court held that the costs of terminating a swap agreement were recoverable from the Defendants in circumstances where it was reasonably foreseeable that the Claimant would hedge its interest risk under a loan.

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