Equatorial Corporation PLC v Shah
Judgment Date: 18 Oct 96
Summary Court direction on release of funds to the Luxembourg liquidators of the Bank of Credit and Commerce ('BCCI') for distribution to creditors and the court's refusal to disapply Insolvency Act 1986 set-off rules. Facts Application by the English liquidators of Bank of Credit and Commerce International SA ('BCCI') for directions...
Summary Where an application for a director's disqualification order was made and the Carecraft procedure employed, no finding of dishonesty could be made by the Court unless such a finding was undisputed and agreed by the parties in their agreed statement of facts. Facts Appeal by a disqualified director against...
Summary Claim for misrepresentation which induced the three plaintiff companies to continue with the construction and maintenance of the Howard Shopping Centre. Facts Claim in deceit by the plaintiffs, against Welwyn Hatfield District Council (WHDC), 1st defendant for damages which began in the Crown Office as an application for judicial...
Summary The court was entitled to intervene where a valuer of shares had made a mistake in calculating share values. The issue was essentially a matter of contract, and turned on what the parties had agreed to remit to the valuer. Facts This appeal concerned shares in two family companies...
Summary Ombudsman's decision upheld that a Company was estopped from questioning in 1991 the validity of changes in the company's pension scheme which were effected by invalid Board resolutions in 1986. Facts Appeal brought under s.151(4) Pension Schemes Act 19953 by an English subsidiary of a US company challenging a decision of the...