MH Restructuring

Thursday 9 November 2017

Termination Fees – All May Not Be As It First Appears

The High Court’s recent decision in BHL v Leumi ABL Limited [2017] EWHC 1871 (QB) has considered the effect of a clause by which a financier claimed to be entitled to charge a fee of up to 15% on recoveries made by it under a receivables financing agreement following a breach of that agreement by the customer.