Judges: Mr Richard Salter KC Citations: [2022] EWHC 2839 (Comm) Links: Bailii Statutes: Financial Collateral Arrangements (No 2) Regulations 2003 Jurisdiction: England and Wales Financial Services Updated: 05 December 2022; Ref: scu.683581
Former HL decision in Siebe Gorman overruled The company had become insolvent. The bank had a debenture and claimed that its charge over the book debts had become a fixed charge. The preferential creditors said that the charge was a floating charge and that they took priority. Held: The appeal was allowed. The debenture, although … Continue reading National Westminster Bank plc v Spectrum Plus Limited and others: HL 30 Jun 2005
