Bank fee: not a penalty | Practical Law

Bank fee: not a penalty | Practical Law

The High Court has held that an upside fee payable to a bank on acceleration of a loan did not constitute an unenforceable penalty.

Bank fee: not a penalty

Practical Law UK Articles 6-605-4748 (Approx. 3 pages)

Bank fee: not a penalty

by Freshfields Bruckhaus Deringer LLP
Published on 26 Mar 2015 • United Kingdom
The High Court has held that an upside fee payable to a bank on acceleration of a loan did not constitute an unenforceable penalty.