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Re Spectrum Plus Ltd information


Re Spectrum Plus Ltd
CourtHouse of Lords
Full case nameNational Westminster Bank plc v Spectrum Plus Limited and others
Citation(s)[2005] UKHL 41
[2005] 2 AC 680
[2005] 3 WLR 58
[2005] BCC 694
Transcript(s)Full text of judgment
Court membership
Judge(s) sittingLord Nicholls of Birkenhead
Lord Steyn
Lord Hope of Craighead
Lord Scott of Foscote
Lord Walker of Gestingthorpe
Baroness Hale of Richmond
Lord Brown of Eaton-under-Heywood
Case opinions
  • Lord Nicholls
  • Lord Hope
  • Lord Scott
  • Lord Walker
Keywords
  • floating charge
  • recharacterisation
  • prospective overruling

Re Spectrum Plus Ltd [2005] UKHL 41 was a UK company law decision of House of Lords that settled a number of outstanding legal issues relating to floating charges and recharacterisation risk under the English common law. However, the House of Lords also discussed the power of the court to make rulings as to the law that were "prospective only" to mitigate potential harshness when issuing a ruling that was different from what the law had previously been understood to be.

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