Those of you who have been following the progress
of Re Spectrum Plus Limited through the courts will be
interested to hear that the Court of Appeal yesterday gave leave to
appeal to the House of Lords.
It will be the House of Lords who will finally
determine whether the charge in the bank's debenture over Spectrum
Plus Limited's book debts creates a fixed or a floating
charge. In May, the Court of Appeal reversed the
first instance decision and found that the charge was fixed and not
floating. For a summary and commentary on the
Court of Appeal judgment click here.
For more information on this article please
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