The WLR Daily case summaries
[2019] WLR(D) 535
Chancery Division
In re Barclays Bank plc and another
[2018] EWHC 2868 (Ch)
2018 Oct 23; 29
Zacaroli J
Financial services— Business transfer— Sanction— First and second interconnected banks seeking to transfer part of banking businesses— Court only having jurisdiction to sanction bank transfer scheme if transferor deposit-taking institution— Second bank not having authorisation to accept deposits— Whether court having jurisdiction to order transfer of second bank’s business as matter incidental, consequential and supplementary to first bank’s scheme and necessary to secure scheme fully carried out—
Financial Services and Markets Act 2000 (c 8), s 112(1)(d)