The Law Reports (Chancery Division)
[1994] Ch 71
[CHANCERY DIVISION]
ARAB BANK PLC. v. MERCHANTILE HOLDINGS LTD. AND ANOTHER
[1993 A. No. 5569]
1993 Sept. 23,
24,
27,
29
Millett J.
Company
— Shares
— Financial assistance for purchase
— Subsidiary incorporated in Gibraltar giving assistance in purchase of shares in parent company
— Whether “subsidiary”
— Whether assistance unlawful
—
Companies Act 1985 (c. 6), ss. 151(1)(3), 153(1)
Mortgage
— Sale by mortgagee
— Order for sale
— Mortgagor threatening to spoil sale
— Whether order for sale of mortgaged property to be made
—
Law of Property Act 1925 (15 & 16 Geo. 5, c. 20), s. 91(2)