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Negligent Misrepresentation Borrowers Loan Agreements

A&O Shearman

Lender under no duty to advise borrower about onerous term in loan agreement

A&O Shearman on

A lender did not owe a contractual or tortious duty to advise a borrower about a potentially onerous clause in a loan agreement. The clause in question made the borrower liable for the lender’s hedging break costs if the...more

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