The Business Law Reports
[2018] Bus LR 1618
Chancery Division
In re
Barclays Bank plc (No 2)
In re
Woolwich Plan Managers Ltd
[2018] EWHC 472 (Ch)
2018 Feb 27,
28;
March 9
March 9
Sir Geoffrey Vos C
Financial services— Business transfer— Ringfencing scheme— Statute requiring banks to put in place ringfencing scheme to isolate retail banking from investment activity— Banks applying for court’s sanction of scheme— Approach to be adopted— Whether scheme to be sanctioned—
Financial Services and Markets Act 2000 (c 8) (as amended by Dormant Bank and Building Society Accounts Act 2008 (c 31), Sch 2, para 4(2) and Financial Services (Banking Reform) Act 2013 (c 33), Sch 1, paras 8, 10(2)(3)), ss 109A, 111