Governor and Company of the Bank of Scotland v Dunedin Property Investment Co Ltd
Language: English Series: Scottish Civil Law Reports ; [1998] SCLR 531-555(25)Publication details: 1998Subject(s): Summary: "Governor and Company of the Bank of Scotland v Dunedin Property Investment Co Ltd" CS 1 May 1998. The defendant company D borrowed £10,000,000 from the bank by issue of debenture loan stock for ten years on fixed interest. D was entitled to early redemption by purchasing stock subject to bank being fully reimbursed `for all costs, charges and expenses incurred in connection with the stock`. The bank hedged its position by entering into short-term loans and long-term interest rate swap agreement. D purchased stock early and the the bank maintained that D was liable for costs incurred by the bank in breaking swap contract early. Held, appeal allowed.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS59356 (Browse shelf(Opens below)) | 1 | Available | 88627-1001 |
"Governor and Company of the Bank of Scotland v Dunedin Property Investment Co Ltd" CS 1 May 1998. The defendant company D borrowed £10,000,000 from the bank by issue of debenture loan stock for ten years on fixed interest. D was entitled to early redemption by purchasing stock subject to bank being fully reimbursed `for all costs, charges and expenses incurred in connection with the stock`. The bank hedged its position by entering into short-term loans and long-term interest rate swap agreement. D purchased stock early and the the bank maintained that D was liable for costs incurred by the bank in breaking swap contract early. Held, appeal allowed.