The bank’s common law right of set-off was affirmed. The bank’s appeal succeeded. The application of section 323 is mandatory in the sense that it cannot be excluded by prior agreement of the parties. Citations: [1972] AC 785 Statutes: Insolvency Act 1986 323(2) Jurisdiction: England and Wales Citing: Appeal from – Halesowen Presswork and Assemblies … Continue reading National Westminster Bank Ltd v Halesowen Presswork and Assemblies Ltd: HL 1972