The case of Carlyle v Royal Bank of Scotland centred on whether the bank could enforce repayment of loans advanced to Carlyle to buy plots of land. Carlyle asserted that because the bank was legally obliged to provide both development and acquisition finance, it could not enforce repayment of the latter when only the former had been provided.
The case dates back to the 2008 financial crisis and litigation has been ongoing since that time.
The decision has implications for banks and borrowers.
Read our briefing to find out more.