By Fiona Huntriss and Melissa Kelley
In Golden Belt 1 Sukuk Co BSC(c) v. BNP Paribas, the English High Court, for the first time, imposed a duty of care from a bank that acted as an arranger to a publicly listed capital market issue to secondary purchasers of debt. This legal analysis discusses that decision and the market ramifications. More
This material was first published by Thomson Reuters by Fiona Huntriss and Melissa Kelley, “Golden Belt 1 Sukuk Co BSC(c) v BNP Paribas: A Golden Opportunity for Secondary Purchasers of Debt? Ramifications for the Secondary Debt Market and Arrangements of Capital Market Transactions” (2018) 33 J.I.B.L.R. 213–216 and is reproduced by agreement with the publishers.