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Canary Wharf faces investors in bond dispute

Legal dispute with noteholders – including subsidiaries of Aviva and L&G – centres on developer’s £795 million sale of a skyscraper in 2014

Canary Wharf faces investors in bond dispute

A group of bond investors are awaiting the ruling to a legal dispute with the owner of Canary Wharf after facing the developer in a UK court on July 27 and July 28.

The dispute centres on Canary Wharf Group's £795 million sale of skyscraper 10 Upper Bank Street in 2014. CWG faced 10 noteholders of a securitised loan that was backed by the property, including subsidiaries of insurers Aviva and Legal & General and trustee Deutsche Bank.

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