Index card Arab Bank Plc v Merchantile Holdings Ltd

Arab Bank Plc v Merchantile Holdings Ltd

Hearings

England & Wales

29 Sep 1993 [1994] Ch 71; [1994] 2 WLR 307; [1994] 2 All ER 74, Ch D

Subject Matter

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, ss 151(1)(3), 153(1)

[1994] Ch 71; [1994] 2 WLR 307

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, s 91(2)

[1994] Ch 71; [1994] 2 WLR 307

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