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Arab Bank plc v Mercantile Holdings

Language: English Series: Property and Compensation Reports ; (1995) 69 P&CR 410-425(16)Publication details: 1995Subject(s): Summary: 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).

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).