Shearer and Others v Spring Capital Ltd and Others: ChD 17 Oct 2013

‘the first two claimants were enjoying large country houses and expensive London flats while bogus solicitors were attempting to collect money due on high interest loans on behalf of their money-lending business, Logbook Loans. They could hardly have imagined that, in 2013, they would be asking real solicitors to invoke equity on their behalf to escape the burden of interest rates on their own debts which are at a level which Logbook Loans’ erstwhile customers might have thought modest.’

Alexander QC HHJ
[2013] EWHC 3148 (Ch)
Bailii

Banking

Updated: 21 November 2021; Ref: scu.516553