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Discharge-for-value defense: Difference between revisions
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{{a|negotiation|}}{{Discharge for value capsule}} | {{a|negotiation|}}{{Discharge for value capsule}} | ||
There is no equivalent under the English law of [[restitution]] | There is no equivalent under the English law of [[restitution]], where an enriched lender has to return the money: {{casenote|Barclays Bank Ltd|WJ Simms}}. This darkened cranny of the common law was exposed to harsh daylight when Citigroup tripped over it when trying to reclaim half a [[yard]] they’d accidentally shelled out to some distressed debt lenders to Revlon in 2020. | ||
I bet Citi wished they were English. | |||
{{sa}} | {{sa}} | ||
*[[Restitution]] | *[[Restitution]] | ||
*{{casenote|Citigroup|Brigade Capital Management}} | *{{casenote|Citigroup|Brigade Capital Management}} | ||
*{{casenote|Barclays Bank Ltd|WJ Simms}} | *{{casenote|Barclays Bank Ltd|WJ Simms}} | ||