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Council acted within statutory powers

Language: English Series: Times ; 8 November 1994, 42(1)Publication details: 1994Subject(s): Summary: In "Credit Suisse and another v Waltham Forest LBC", QBD 2 November 1994, it was held that a local authority acted within its statutory powers when giving a guarantee and indemnity for repayments of a loan made to establish a company to acquire properties which were then leased to the authority to provide housing for its homeless.

In "Credit Suisse and another v Waltham Forest LBC", QBD 2 November 1994, it was held that a local authority acted within its statutory powers when giving a guarantee and indemnity for repayments of a loan made to establish a company to acquire properties which were then leased to the authority to provide housing for its homeless.