Arab Bank plc v Mercantile Holdings
Arab Bank plc v Mercantile Holdings
- 1995
- Property and Compensation Reports (1995) 69 P&CR 410-425(16) .
ChD 29 September 1993. Land charges - validity of charge - assistance by foreign subsidiary in acquisition of shares of parent company - whether prohibited under sectio 151 of the Companies Act 1985 - discretion of court to direct a sale of mortgaged property - whether to be exercised merely to allay fears of prospective purchasers. (Headnote from journal).
ARAB BANK PLC V MERCANTILE HOLDINGS
COMPANIES ACT 1985 S 151
FOREIGN SUBSIDIARY
LAND CHARGES
ChD 29 September 1993. Land charges - validity of charge - assistance by foreign subsidiary in acquisition of shares of parent company - whether prohibited under sectio 151 of the Companies Act 1985 - discretion of court to direct a sale of mortgaged property - whether to be exercised merely to allay fears of prospective purchasers. (Headnote from journal).
ARAB BANK PLC V MERCANTILE HOLDINGS
COMPANIES ACT 1985 S 151
FOREIGN SUBSIDIARY
LAND CHARGES