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Banque Worms v BankAmerica International: Difference between revisions
Banque Worms v BankAmerica International (view source)
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{{a|casenote|[[File:Can of Banque Worms.png|450px|thumb|center|{{citer|Banque Worms|BankAmerica International|2d Cir. 1991|928 F.2d|538}} opening a can of [[Banque Worms]] yesterday.]]}}This case, fondly known to [[restitution]] fans and other obstreperous rascals of the financial services industry as ''[[Banque Worms]]'' involved a [[revolving credit facility]] between one Spedley, an Australian, and the Banque, who was, then, French.<Ref>And seems to have dissolved into history since.</ref> | {{a|casenote|[[File:Can of Banque Worms.png|450px|thumb|center|{{citer|Banque Worms|BankAmerica International|2d Cir. 1991|928 F.2d|538}} opening a can of [[Banque Worms]] yesterday.]]}}This case, fondly known to [[restitution]] fans and other obstreperous rascals of the financial services industry as ''[[Banque Worms]]'' involved a [[revolving credit facility]] between one Spedley, an Australian, and the Banque, who was, then, French.<Ref>And seems to have dissolved into history since.</ref> | ||
===Facts=== | ===Facts=== | ||
In 1989, [[Banque Worms]] informed Spedley that it would not be renewing the [[revolver]] and demanded payment of the outstanding balance on April 10, 1989. | In 1989, [[Banque Worms]] informed Spedley that it would not be renewing the [[revolver]] and demanded payment of the outstanding balance on April 10, 1989. | ||
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{{sa}} | {{sa}} | ||
*[[ | *[[Stupid banker cases]] | ||
*[[Discharge-for-value defense]] | |||
*[[Revolving credit facility]] | *[[Revolving credit facility]] | ||
*{{casenote|Citigroup|Brigade Capital Management}} | |||
*{{casenote|Barclays Bank Ltd|WJ Simms}} | |||
{{Ref}} | {{Ref}} | ||
{{c2|Stupid bankers|Restitution}} | |||