The Board was liable to pay compensation claims from equitable assignees of depositors with a failed bank. They were not to be excluded from making claims. Citations: Gazette 16-Jun-1993, Independent 18-May-1993, Times 11-May-1993 Statutes: Banking Act 1987 58(1) Jurisdiction: England and Wales Citing: Appeal from – Depositors Protection Board v Dalia and Another ChD 18-Nov-1992 … Continue reading Depositors’ Protection Board v Dalia and Another: CA 11 May 1993

The House was asked as to the meaning of the word ‘depositor’. Regulations were prayed in aid which were made four years after the date of the enactment. Held: The protection given by the Depositor Protection Scheme does not extend to equitable assignees of deposits. Such assignees are not depositors within the meaning of the … Continue reading Depositors’ Protection Board v Dalia: HL 20 May 1994