Today it is all about Chocolate, and not in the way you are thinking. Luke and Calum are delving into the legal implications of the decision made on 16 November 2023, by the Honourable Mr Justice Foxton in  ChocolateCity Ltd v WEA International Inc [2023] EWHC 2874 (Comm).

Chocolate City is a case that highlights what happens when a lawyer is let lose in the wild to establish a successful record label. In this case a pre-eminent record label in Nigeria. However, where lawyers tread, litigation is never far behind.

Join Luke and Calum as they take the wrapper off the Chocolate and shed some light on what transpired when WEA (part of the Warner Group) and Chocolate City executed a convertible term loan facility agreement. WEA served as the lender and Chocolate City as the borrower. However, when Chocolate City expressed its intention to prepay the loan WEA contested Chocolate City's right to prepay. 

If you want to read more about the case you can access the judgment here:   Chocolate City Ltd v WEA International Inc [2023] EWHC 2874 (Comm) (16 November 2023) (bailii.org).

Thank you for listening.