Loan Principle

At the intersection of the doctrine of black letter contracts, property and fairness: In re Citibank August 11, 2020 Wire Transfers, 2021 WL 1652171 (2021). | Charles E. Rounds, Jr.

Citibank administers as agent a $ 1 billion term loan for debtor (Revlon) and creditors (lenders). Lenders only have contractual property rights to the incremental principal payments over the term of the loan, which ends in 2023. The bank mistakenly transferred the full principal amount from its own account to …

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Two years after the 9th Senate: how far?

Deji Elumoye and Udora Orizu X-ray the Ninth Senate, two years after its inauguration in June 2019 Shortly after the April 2019 general election, the ruling All Progressive Congress (APC) party routed Ahmad Lawan, a senior senator, who has been a member of the National Assembly since the start of …

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LEGAL CORNER: Beware of Reverse Mortgages | Notice

Editor’s Note: The information in this column is not intended to provide legal advice, but to provide a general understanding of the law. All readers with a legal problem, including those whose questions are discussed here, should consult a lawyer for advice on their particular situation. While I love Tom …

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