000 01310cab a2200229 4500
001 ABS59356
008 090401t1998 xxu||||| |||| 00| 0 eng d
035 _a(Sirsi) u88627
041 _aeng
245 _aGovernor and Company of the Bank of Scotland v Dunedin Property Investment Co Ltd
260 _c1998
350 _a0
490 _aScottish Civil Law Reports
_v[1998] SCLR 531-555(25)
520 _a"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.
650 _aBANK LOAN
650 _aBANK OF SCOTLAND V DUNEDIN PROPERTY INVESTMENT CO LTD
650 _aEXPENSES
650 _aLIABILITY
690 _aPROPERTY LAW AND PRACTICE-CASE LAW
942 _n0
948 _c24/09/1998
999 _c56027
_d56027