Royal Trust Bank v National Westminster Bank plc information
Royal Trust Bank v National Westminster Bank plc
Court
Court of Appeal
Full case name
Royal Trust Bank v National Westminster Bank plc and another
Decided
30 April 1996
Citation(s)
[1996] BCC 613 [1996] 2 BCLC 682
Court membership
Judge(s) sitting
Nourse LJ Millett LJ Swinton Thomas LJ
Case opinions
Nourse LJ Millet LJ
Keywords
Security interest
floating charge
Royal Trust Bank v National Westminster Bank plc [1996] BCC 613 was a decision of the Court of Appeal in relation to the nature of a floating charge.
This decision, together with an academic article written by Roy Goode,[1] is sometimes looked upon as the turning point in relation to the stricter requirements in relation to control of the proceeds of book debts and other future receivables laid down in subsequent cases.[2][3]
^Goode, R.M., Charges over book debts: a missed opportunity, (1994) 110 LQR 592
^Professor Sarah Worthington QC (2016). Sealey & Worthington's Text, Cases and Materials in Company Law (11th ed.). Oxford University Press. p. 653. ISBN 9780198722052.
^Gower & Davies. Principles of Modern Company Law (9th ed.). Sweet & Maxwell. p. 1235.
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