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Benjamin Pilling QC and Edward Jones (instructed by Stewarts Law LLP ) for the Claimant Guy Philipps QC and Richard Power (instructed by Stephenson Harwood LLP) for the Defendants Hearing dates: 8, 12, 13, 14, 15 and 19 December 2016 ____________________
"� with respect to a Transaction, Securities equivalent to ["equivalent to" was also defined] Purchased Securities under that Transaction. If and to the extent that the Purchased Securities have been redeemed, the expression shall mean a sum of money equivalent to the proceeds of the redemption"
On the same day Citi was showing an indicative level of 63 but could not get a firm bid.
On 14 October 2008 the limit of the order with Goldman Sachs was increased to 85 but it was not possible to find any buyers.
RZB contended it would have determined that the fair market value of the bond on 15 October 2008 was no higher than 75.
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Common Room
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