Abbey National Plc v Sayer and Others: ChD 30 Aug 1999

Where a lender became aware that frauds might have been committed, but chose not to investigate past frauds, the limitation period could not later be extended to take up allegations of past misbehaviour. When the lender became aware of such cases, but instituted no system to investigate them until several years later, it had had constructive knowledge of them for limitation purposes.


Times 30-Aug-1999


Updated: 15 May 2022; Ref: scu.77603