price reduction request letter

1151 results for price reduction request letter

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  • Plantation Holdings (FZ) LLC v Dubai Islamic Bank PJSC, Court of Appeal - Commercial Court, March 23, 2017, [2017] EWHC 520 (Comm)

    Introduction1. This is a claim by the Claimant, Plantation Holdings (FZ) LLC (`Plantation') for some US$2 billion. Plantation is a Dubai company which was incorporated in 2004 for the purpose of developing an upmarket and exclusive polo facility on the outskirts of Dubai which was to include villas, a hotel, rented flats and business units (`Planta...

    ... purchase `off-plan'), were set out in a letter served on Plantation by DIB's Dubai lawyers, Al ... fifty percent (50%) of the selling price of the residence (less the construction value of ...'s companies to generate fictitious requests for trade finance for non-existent supply ...iv) Yet by the end of 17 January no reduction had been made. v) MCA learned from the letter of ...

  • UBS AG (London Branch) & Anor v Kommunale Wasserwerke Leipzig GMBH, Court of Appeal - Commercial Court, November 04, 2014, [2014] EWHC 3615 (Comm)

    1. In 2006 and 2007 the Leipzig municipal water company (``KWL'') sold credit protection to the investment bank UBS and to two other banks (``LBBW'' and ``Depfa'') on four portfolios of investment grade bonds and other securities. It did so by means of a series of complex derivative products known as Single Tranche Collateralised Debt Obligations (

    ... free for KWL and/or would represent a reduction in the risks to which KWL was exposed. It will ... was notionally authorised by an engagement letter, dated 31 May 2006 but signed by Mr Heininger and ... as the ``letter for K'' episode, when requested by Messrs Senf and Blatz in October 2006 to ... re-purchase the assets at a predetermined price. This would be funded by what remained of the ...

  • Minerva (Wandsworth) Ltd v Greenland Ram (London) Ltd, Court of Appeal - Chancery Division, June 23, 2017, [2017] EWHC 1457 (Ch)

    1. In December 2013 the Claimant (`Minerva') obtained planning permission from Wandsworth Borough Council for a large and complex building regeneration scheme for an area in the borough known as the Ram Brewery. The Ram Brewery ceased operating 2006 and the site it occupied, together with adjacent land was earmarked for development. The site, which...

    ...5. Minerva say that they made two requests to Greenland to approve the submission of an ... made a second more formal request by letter sent on 11 July 2014. Greenland replied to that ... for the value of the land is not set at the price which anyone has in fact paid for the site or ... effect of producing a substantial reduction in the financing costs. 42. Discussions between ...

  • Energy Venture Partners Ltd v Malabu Oil and Gas Ltd, Court of Appeal - Commercial Court, July 17, 2013, [2013] EWHC 2118 (Comm)

    1. In this claim, the Claimant, Energy Venture Partners Ltd (``EVP'' or ``the Claimant''), a company registered under the laws of the British Virgin Islands, seeks payment of fees allegedly due to it from the Defendant, Malabu Oil and Gas Ltd (``Malabu'' or ``the Defendant''), a company registered under the laws of Nigeria, in relation to the sale

    ... EVP on 21 December 2012, pursuant to a request from the court for assistance on specific ... relating to OPL 245 was recorded in two letters from the Ministry of Petroleum Resources. ... to extract $200 million from the sale price paid by ENI to Malabu for the conspirators' own ... who was said to have claimed that "a reduction of the minimum fee from the original $200 million ...

  • Unaoil Ltd v Leighton Offshore Offshore Pte Ltd, Court of Appeal - Commercial Court, September 12, 2014, [2014] EWHC 2965 (Comm)

    1. The claimant (``Unaoil'') is a company incorporated in the British Virgin Islands and is part of the Unaoil Group of companies (``Unaoil Group''), the holding company of which is UNAEnergy (Holdings) Pte Ltd. Its head offices are in Monte Carlo. The Unaoil Group was founded in 1991. It provides oil and gas services in the Middle East, Central As...

    ... the Phase I Project for an all inclusive price of US$77.5 million. . 12. In October 2010, SOC ... hereby agree to return the same with a letter of unconditional release from obligation there ... ``presumed'' that it was included at his request for what he described as ``.. internal Unaoil ... figure of US$25 million represented a reduction of US$15 million from the original figure of ...

  • Group Seven Ltd & Anor v Nasir & Ors, Court of Appeal - Chancery Division, October 06, 2017, [2017] EWHC 2466 (Ch)

    1. These proceedings arise out of a substantial fraud whereby Allseas Group SA (``Allseas'') was defrauded out of a large sum of money, €100 million. The fraud was followed by an attempt to launder the proceeds of the fraud using the client account of a firm of solicitors in London, Notable Services LLP (``Notable''). The attempt at money launderin...

    ... in Ras Al Khaimah, UAE at the request of Mr Louanjli on 30 January 2011. At all ...Mr Nobre produced a letter dated 29 October 2010 stating that he had a ...Mr Nobre stated that the asking price was £40 million and that he had offered £35 ..., Mr Landman negotiated with GRM a reduction in their bill and Intrust Group paid GRM ...

  • Cool Seas (Seafoods) Ltd v Interfish Ltd & Ors, Court of Appeal - Chancery Division, July 31, 2018, [2018] EWHC 2038 (Ch)

    1. Northbay Pelagic Ltd (``Northbay'') is a pelagic fish producer located at a large factory site in Peterhead on the coast of Aberdeenshire, Scotland. Pelagic fish are fish which swim in the water column of the ocean (as opposed to living on the seafloor). Northbay's core business is purchasing pelagic fish sourced in the North East Atlantic from

    ... They submit that either the price to be paid to Cool Seas for its interest in ... the undeclared fish, marked with the letter ``B''. Only the first invoice would be sent to ... the relevant amount of duty after a 40% reduction in mitigation for an early and truthful ... of his own affairs, for example by requesting a general meeting of the company or seeking ...

  • The Republic of Angola & Anor v Perfectbit Ltd & Ors, Court of Appeal - Commercial Court, April 26, 2018, [2018] EWHC 965 (Comm)

    1. The Claimants, the Republic of Angola (``Angola'') and Banco Nacional de Angola (the ``BNA''), allege that they are the victims of a very substantial fraud - having been induced to pay over US$500 million and €24.85 million belonging to Angola, to certain of the Defendants. The First to Eighth Defendants (collectively ``the Defendants'') are sai...

    ... evidence that President dos Santos requested Mr Mangueira vest Dr Pontes in office but Mr ...Given fluctuations in the price of crude oil, the Angolan state faces numerous ...These include rising public debt and a reduction in its net international reserves. In recent .... F.2 The ``BNP Paribas Letter''. 33. In or around June 2017, a copy of a letter ...

  • Cavendish Square Holding BV (Appellant) v Talal El Makdessi (Respondent)

    ... law enforced the bonds according to their letter. But equity regarded the real intention of the ...There was also a resale price maintenance clause, which would now be unlawful ...On 1 July 2009, at the Company's request, he resigned as non-executive director of all ... recoverable in addition to the price reduction achieved by clause 5.1. In this case, the Company ...

  • Khambay & Anor v Nijhar (t/a Gravitas Consulting), Court of Appeal - Queen's Bench Division, February 06, 2015, [2015] EWHC 190 (QB)

    1. This dispute arises out of a property development which did not achieve what had been hoped for it. That much is common ground between the parties, although not much else is. On the contrary, this is a case in which there are a substantial number of hotly contested issues, not least whether the Defendant (``Mr Nijhar'') committed the tort of dec...

    ... giving his evidence, despite several requests that he do so because of the difficulty I ...This was a letter dated 13 December 2006, dealing with certain ..., which owned the Site, had agreed a sale price of £1 million with another party. Punch Taverns ... that 25% had itself represented a reduction from the 30% which ``was initially suggested at ...

  • Global Energy Horizons Corporation v Gray, Court of Appeal - Chancery Division, July 28, 2015, [2015] EWHC 2232 (Ch)

    1. This is the Enquiry ordered by Vos J (as he then was) on 17 January 2013 into the benefits received by the Defendant, Mr Robert Gresham Gray (``Mr Gray''), directly or indirectly as a result of breaches of his fiduciary duties owed to the Claimant, Global Energy Horizons Corporation (``GEHC''). Vos J gave judgment as to liability on 21 December

    ... 14 April 2010, GEHC's solicitors wrote a letter before action to Mr Gray enclosing the draft ... which was copied to Mr Pronk, Mr Gray requested Mr Pronk to send a further US$250,000 to the ...The purchase price was $65,495,402. By clause 3.3 of the 2010 SPA, ... Agreement was accompanied by a loan reduction agreement, and Mr Gray says that the transfer was ...

  • Arbuthnott v Bonnyman & Ors, Court of Appeal - Chancery Division, May 08, 2014, [2014] EWHC 1410 (Ch)

    Hearing dates: 22nd, 23rd, 24th, 27th, 28th, 29th, 30th and 31st January, 3rd, 6th, 7th, 10th, 11th, 12th, 13th, 14th, 17th, 18th, 19th, 20th, 24th, 25th 26th February and 10th, 11th, 12th and 13th March 2014 - - - - - - - - - - - - - - - - - - - - - JudgmentMrs Justice Asplin : 1. This case concerns claims of unfair prejudice under s.994 of the C...

    ... to 17th Respondents now held by WSL, at the price which applied under the WSL Offer or ... the proposed buy-out received a number of letters from investors signalling their dissatisfaction .... Reduction in carried interest. 60. At Mr Arbuthnott's ... After Martin MacNair had requested further details of the arrangements, Mr Pilgrim ...

  • Jalal Bezee Mejel Al-Gaood & Partner & Anor v Innospec Ltd & Ors, Court of Appeal - Commercial Court, October 08, 2014, [2014] EWHC 3147 (Comm)

    1. The first claimant is a Jordanian registered company which traded at all material times as ``NUFT'' and/or ``NASS''. Its primary business was the supply of special chemicals such as lubricant additives and fuel additives to the oil refining industry. These additives were purchased during the period with which this case is concerned (2000 to 201...

    ... government (usually 10% of the contract price) in order to be awarded a contract by the ... 2004 LTPA, on the basis that the relevant letter of credit for the first shipment under the LTPA ... to the investigation, they proposed a reduction to 90 months. The memorandum refers to the fact ...``It is the client in Iraq who request from U.N. to include the additives required by ...

  • Caliendo & Anor v Mishcon De Reya (a firm) & Anor, Court of Appeal - Chancery Division, February 04, 2016, [2016] EWHC 150 (Ch)

    1. This is a claim for professional negligence by Antonio Caliendo and Barnaby Holdings LLC (``Barnaby'') against the firm of solicitors Mishcon de Reya (which become a limited liability partnership during the relevant period, but for present purposes the distinction between the firm and the LLP can be ignored). Mr Caliendo and Barnaby claim not on...

    ... Wanlock of its shares in QPRH for a total price of £199,000, of which £49,000 was payable by ... Mr Dunga paid £225,000 to HMRC at the request of Mr Caliendo for the benefit of QPRH, in order ... document in evidence concerning it is a letter dated 16 October 2006 from Mr Caliendo to Pini ... arisen only recently as a result of a reduction in the proceeds from the sale of Dean Parrett. ...

  • Mr H TV Ltd v ITV2 Ltd, Court of Appeal - Commercial Court, October 08, 2015, [2015] EWHC 2840 (Comm)

    1. The sole director and shareholder of the claimant company is Mr Neville Hendricks. His business and that of the claimant is the production of reality television programmes featuring the real lives of popular show business personalities. Specifically, for some seven years until the summer of 2011, when the dispute with which this case is concerne...

    ... with his marriage to the model Katie Price (formerly known as Jordan), then after their ... ITV2 Production Agreement contained in a letter from ITV2 to the claimant dated 9 December 2010. ... deducted from the invoice because of a reduction in the number of programmes. It denied that the ... any legal issues regarding Ms Katona if requested. She would offer him any new clients she felt had ...

  • Conway & Anor v Eze, Court of Appeal - Chancery Division, January 12, 2018, [2018] EWHC 29 (Ch)

    1. On 7 August 2015 the parties exchanged contracts for the sale by the claimants, Mr and Mrs Conway, to the defendant, Prince Eze, of their property at 86 Uphill Road, London, NW7 4QE (``the Property'') for a price of £5 million. Prince Eze later decided not to proceed with the purchase and failed to comply with a notice to complete. In these pr...

    ..., London, NW7 4QE (``the Property'') for a price of £5 million. Prince Eze later decided not to ... Azarvale that BPE Solicitors had requested. That email was not copied to Mr Obahor. Mr ...``On Monday [18 May] could you get a letter from Azervale (sic), sent to BPE stating that ... revised form also includes a further reduction of £75,000 for the part of the loan (that is, ...

  • Rocker v Full Circle Asset Management, Court of Appeal - Queen's Bench Division, November 23, 2017, [2017] EWHC 2999 (QB)

    1. In this action, commenced on 6 March 2015, the claimant, David Rocker (``Mr Rocker'') claims damages against the defendant, Full Circle Asset Management Limited (``FCAM'') for breach of contract, breach of statutory duty and negligence. 2. In May 2009, pursuant to an agreement between Mr Rocker and FCAM, Mr Rocker invested £1.5 million in a po...

    ... time he was provided with a ``suitability letter'' (``the Suitability Letter''). No further ... stop loss level would be set at a 5% reduction in the value of the investment (i.e. 95% of its cquisition price). (3) FCAM, in breach of contract and/or ...-74) Kinetic produced, at FCAM's specific request, a further report dated 25 July 2012, being an ...

  • AABAR Block SARL & Anor v Maud, Court of Appeal - Chancery Division, June 11, 2018, [2018] EWHC 1414 (Ch)

    1. This is the judgment on a petition for a bankruptcy order to be made in respect of Mr. Glenn Maud (``Mr. Maud''). The background to the bankruptcy proceedings is both complicated and highly unusual. The bankruptcy petition was presented on 15 June 2015 and the hearing of the petition to which this judgment relates took place after I had allowe...

    ... The price paid for the Junior Loan which had €200 million ...the willing party shall request the local sub-district court at which the company ... for the LIA filing evidence and sending a letter to me supporting the making of a bankruptcy ... Mr. Clutterbuck pointed out that any reduction in the amount found to be owing from Ramblas to ...

  • Hirtenstein & Anor v Hill Dickinson LLP, Court of Appeal - Commercial Court, July 31, 2014, [2014] EWHC 2711 (Comm)

    1. At 14.14 (UK time Unless otherwise stated, all times given in this judgment are UK times. ) on 16 July 2010 the second claimant, a company newly incorporated in the Cayman Islands and beneficially owned by the first claimant, Mr Michael Hirtenstein, completed the purchase of a motor yacht which was then re-named ``Il Sole'' (``the Yacht''). Ab...

    ... They wrote him a letter dated 18 May 2011 asserting a claim against him ..., Edmiston & Company SAM, at an asking price of €17m. Three months later the price was ... These reductions in asking price were made against the background ... busy at the time and regarded this request as a ``big ask''. . 20. I have no reason to ...

  • Nutricia Ltd, R (on the application of) v The Secretary of State for Health, Court of Appeal - Administrative Court, July 31, 2015, [2015] EWHC 2285 (Admin)

    1. There is before the Court an application for permission to apply for judicial review and, if granted, the substantive judicial review in a complex case concerning a decision adopted by the Defendant which expressed the ``view'' that a yoghurt style food product called ``Souvenaid'' produced by Nutricia Limited (``Nutricia'' or the ``Claimant'')

    ...In August 2014 the Defendant sent a letter addressed to Nutricia in which it set out its ... in energy-restricted diets for weight reduction; and foods intended to meet the expenditure of ...The competent authority may request further information as to the product's ... for a product, its efficacy and the total price to the NHS. This document addresses the issue of ...

  • Interactive Technology Corporation Ltd v Ferster & Ors, Court of Appeal - Chancery Division, November 15, 2016, [2016] EWHC 2896 (Ch)

    Andrew Thompson QC, Ben Shaw and Chantelle Staynings (instructed by Herbert Smith Freehills LLP) for Jonathan Ferster and the Second to Eleventh and Thirteenth and Fourteenth Defendants in the Company's Claim Hearing dates: 23, 24, 27-30 June, 1, 4-8, 11-14 and 20-21 July 2016 - - - - - - - - - - - - - - - - - - - - - Judgment Approved by the cou...

    ...Mr Wilson then wrote a detailed letter of advice to Jonathan on 31 May 205. It is clear ...The price for the sale was £826,072.52. The APA stated ... accountant (Mr Berg) at Alexanders and requested the accounts and management accounts of ITC. Mr ... a purchase by the company itself, the reduction of the company's capital accordingly.''. 308. Of ...

  • 125 OBS (Nominees1) & Anor v Lend Lease Construction (Europe) Ltd & Anor, Court of Appeal - Technology and Construction Court, July 14, 2017, [2017] EWHC 25 (TCC)

    1. 125 Old Broad Street (``125 OBS'') once housed the London Stock Exchange. It stands on a prime site of 0.6 hectares in the heart of the City of London, flanked by Throgmorton Street to the north, Bartholomew Lane to the west and Threadneedle Street and Old Broad Street to the south. Between about 2006 and 2008 the First Defendant carried out a...

    ... reading of the paper that the proposed reduction of the temperature in the holding phase was ... enclosed Zadra Vetri's response to Pisa's request for documentation and concluded ``Moral: what we ... to Lend Lease, thanking Lend Lease for its letter of 25 August 2010. The Claimants stated that ... canopy that was being proposed (at a quoted price of £620,000) was less extensive than the ...

  • Torre Asset Funding Ltd & Anor v The Royal Bank of Scotland Plc, Court of Appeal - Chancery Division, September 03, 2013, [2013] EWHC 2670 (Ch)

    1. This claim arises out of structured lending to a property company, Dunedin Property Industrial Fund (Holdings) Limited (``Dunedin'') and associated entities, which encountered difficulties resulting in it going into default in 2008 and entering administrative receivership in September 2008. The lending was called in and the security realised at

    ...'' means each of this Agreement, any Fee Letter, any Accession Letter, a Security Document, the ... for all the Lenders, if the Agent so requests):. (a) all documents dispatched by an Obligor to ... Commitments immediately prior to their reduction to zero) indemnify the Agent and the Security ... by the extent of the fall in real estate prices which had become clear by July 2008. Dunedin's ...

  • UBS AG (London Branch) & Anor v Kommunale Wasserwerke Leipzig GmbH, Court of Appeal - Civil Division, October 16, 2017, [2017] EWCA Civ 1567

    Lord Falconer, Mr Stephen Moriarty QC, Mr Richard Slade QC, and Mr Edward Harrison (instructed by Mayer Brown International LLP) for the UBS partiesMr Tim Lord QC, Mr Simon Salzedo QC, Mr Stephen Midwinter QC and Mr Craig Morrison (instructed by Addleshaw Goddard LLP) for KWLMr Andrew Mitchell QC and Mr Richard Power (instructed by Dentons

    ... infrastructure assets at a predetermined price, such purchase to be funded by the remainder of ... A letter of advice written by Value Partners to KWL on 19 ... of ensuring that KWL was aware that this request had been made [214]-[217]. 30. On 9 May 2006, a ... the increasing emphasis on risk reduction which appeared in the documents from this time ...

  • Singularis Holdings Ltd v Daiwa Capital Markets Europe Ltd, Court of Appeal - Chancery Division, February 16, 2017, [2017] WLR(D) 109,[2017] EWHC 257 (Ch)

    1. The Claimant (`Singularis') brings this claim to recover about $204 million that in early June 2009 was held for its benefit in a segregated client account by the Defendant stock broker (`Daiwa'). At that time, Singularis was wholly owned by Maan Al Sanea, a wealthy businessman who also owned a substantial business group called the Saad Group b...

    ... net worth statements, endorsed by PriceWaterhouse Coopers (`PwC') showing him to be a very wealthy ... In the covering letter, Mr Al Sanea said that he had injected about $7.5 ... This request was then cascaded down to various people ... Morgan and HSBC positions, leading to a reduction of its financing requirements. He noted that the ...