The court interpreted contractual documents in a commercial mortgage-backed securitisation structure and rejected a claim by class X note holders that they had suffered historical underpayment of class X interest. The court was required to determine the rights attached to loan notes held by the claimant and issued by the first defendant under a commercial … Continue reading (1) HAYFIN OPAL LUXCO 3 SARL (2) HAYFIN TOPAZ 3 SCA v (1) WINDERMERE VII CMBS PLC (2) US BANK TRUSTEES LTD (3) ELAVON FINANCIAL SERVICES LTD (2016)