A&O reinstates book debt ruling in NatWest victory
Allen & Overy (A&O) has won a landmark Court of Appeal case for National Westminster Bank (NatWest), finally overturning a 2001 Privy Council ruling in the Brumark Investments case which restricted banks’ access to the book debts of insolvent companies. On 26 May the court unanimously overturned a decision made by Vice-Chancellor Sir Andrew Morritt […]