Fladgate achieves success for Castex Technologies


Our team: Mark Buckley


Fladgate LLP acted for the successful defendant, Castex Technologies Limited, in proceedings brought against it by Citicorp International Limited.

In a judgment given on 24 February 2016, Mr Justice Burton decided that a Mandatory Conversion Notice given by Castex pursuant to US$70m 2.5% Convertible Bonds complied with all contractual conditions and resolved a preliminary issue in its favour.

Castex Technologies is a leading provider of iron cast automotive components in India and is listed on the Bombay Stock Exchange and the National Stock Exchange of India.

Fladgate partner Mark Buckley acted for Castex, assisted by associate Lisa Serrant.  Hogan Lovells acted for Citicorp.

 

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