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Stephen Cogley QC and Turlough Stone (instructed by Gateley PLC ) for the Claimants
Sonia Tolaney and Emma Jones (instructed by Hogan Lovells International LLP ) for the Defendant
CompuCredit�s application arises out of a Sale and Purchase Agreement dated 4 April 2007 (�the SPA�) under which Barclays sold to CompuCredit a portfolio of Monument-branded credit card accounts and associated assets at a substantial discount to face value.� The credit card accounts formed part of a wider portfolio of accounts acquired by Barclays from Providian in 2002, some tranches of which were not transferred to CompuCredit pursuant to the SPA but retained by Barclays.�
���[Barclays] shall remain liable for and shall pay, discharge and perform in accordance with their respective terms when due all Retained Liabilities and shall indemnify and hold [CompuCredit]�harmless against any Losses relating to any Retained Liabilities�.�
By its application notice issued on 20 October 2017, CompuCredit sought the following (among other) relief:
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