No penalty awarded. In this month's podcast, Ed Sautter looks at a Court of Appeal case on penalties in the aftermath of Makdessi and reflects on another rebuff for Class X noteholders.

To read this complete article visit http://web.2.c3.audiovideoweb.com/il80web20029/PODCASTS/FinancialDisputeResolution/Podcast_18th_May_2016.mp3.