Re Sigma Finance Corporation (in Administrative Receivership)
| Jurisdiction | England & Wales |
| Judge | LORD WALKER,LORD MANCE,LORD COLLINS |
| Judgment Date | 29 October 2009 |
| Neutral Citation | [2009] UKSC 2 |
| Date | 29 October 2009 |
| Court | Supreme Court |
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271 cases
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Europa Plus Sca Sif and Another v Anthracite Investments (ireland) Plc
...General of Belize v Belize Telecom Ltd [2009] 1 WLR 1988; Chartbrook Ltd v Persimmon Homes Ltd [2009] 1 AC 1101; Re Sigma Finance Corp [2010] 1 All ER 571; Rainy Sky SA v Kookmin Bank [2011] 1 WLR 2900; Arnold v Britton [2015] AC 1619 and Marks and Spencer PLC v BNP Paribas Securities Servi......
- Deutsche Bank AG v Sebastian Holdings Inc.
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Strategic Value Master Fund Ltd v Ideal Standard International Acquisition SARL and Others
...Events of Default? Approach to construction 32 Mr McQuater QC commended the recent decision of the Supreme Court in Re Sigma Finance Corp [2010] BCC 40. Having referred to a number of well-known authorities on the interpretation of commercial contracts Lord Mance said: "In my opinion, the c......
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The X Trusts
...provisions of the contract and its commercial consequences are investigated: the Arnold case, para 77 citing In re Sigma Finance Corpn [2010] 1 All ER 571, para 12, per Lord Mance JSC. To my mind once one has read the language in dispute and the relevant parts of the contract that provide ......
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7 firm's commentaries
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Recent Contract Law Cases Relevant in the Financial Services Industry
...was held by a Security Trustee whose powers and duties were set out in the Facilities Agreements and an Inter-Creditor Agreement (ICA). 6 [2009] UKSC 2, at 35. Clause 15.2 of the ICA conferred on the Security Trustee the power to release liabilities of members of the Group on certain dispos......
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Contractual interpretation disputes from the Trustee's perspective: The saga continues
...([2009] 1 WLR 1988), Chartbrook Ltd v Persimmon Homes Ltd ("Chartbrook") ([2009] 1 AC 1101), Re Sigma Finance Corporation ("Sigma") ([2010] 1 All ER 571), Rainy Sky SA v Koomkin Bank ("Rainy Sky") ([2011] 1 WLR 2900), Napier Park European Credit Opportunities Fund Limited v Harbourmaster Pr......
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Sigma Finance & Pari Passu Wins The Day
...and precise terms and to highlight its importance. Case references: In Re Sigma Finance Corporation (in administrative receivership) [2009] UKSC 2. Please click here for a full copy of the Supreme Court Judgment. In Re Sigma Finance Corporation (in administrative receivership) [2008] EWCA C......
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CLO Securitisation: English Court Applies Established Approach in Dispute Over Collateral Manager’s Fee
...looked to recent decisions of the English Supreme Court involving the interpretation of contracts, including Re Sigma Finance Corp [2010] 1 All ER 571 and Rainy Sky v Kookmin Bank [2011] 1 WLR 2900, and said: “This is a case where the language of the Transaction documents is clear in the co......
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3 books & journal articles
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Can Complex Contracts Effectively Replace Bankruptcy Principles? Why Interpretation Matters.
...2402 (Ch); Re Whistlejacket Cap. Ltd (in rec.) [2008] B.C.C. 826, [2008] EWCA Civ 575; Sigma Fin. Corp. (in administrative receivership) [2009] UKSC2. (88) See GERAINT THOMAS & ALASTAIR HUDSON, THE LAW OF TRUSTS 303-11 (Oxford Univ. Press (89) Id. at 343 (citing Partridge v. The Equity ......
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The Pension Trust: Fit For Purpose?
...February 2011.76 Re Sigma Finance Corporation [2008] EWCA Civ 1303 at [98]–[99] per Lord Neuberger, dissent-ing, endorsed on appeal: [2009] UKSC 2 at [12]; Mettoy Pension Trustees Ltd vEvans [1990] 1WLR 1587, 1610.C2019 The Author. The Modern Law Review C2019 The Modern Law Review Limited......
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Anti‐suit Injunctions and the Doctrine of Comity
...LJ.57 See notes 10 to 14 above regarding the nature of the bills of lading in the present disputes.58 Re Sigma Finance Corporation [2009] UKSC 2. This case is about the construction of a securitytrust deed for the purpose of securing a variety of creditors holding the instr uments issued at......