The appellant bank instructed the respondent solicitors to act in relation to a £3.3m re-mortgage on behalf of themselves and the borrowers. The borrowers’ property (the property) was already subject to a first charge in favour of Barclays. A part of the respondent’s instructions was to redeem the outstanding Barclays mortgage and to secure a first charge against the property in the appellant’s favour.
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Counsel details
Counsel Jeremy Cousins QC (11 Stone Buildings, Lincoln’s Inn, London WC2A 3TG, tel 020 7831 6381, e-mail clerks@11sb.com), Nicholas Davidson QC (4 New Square, Lincoln’s Inn, London WC2A 3RJ, tel 020 7822 2000, e-mail general@4newsquare.com) and John Brennan (St Philips Chambers, 55 Temple Row, Birmingham B2 5LS, tel 0121 246 7000, e-mail commercial@st-philips.com), instructed by Moran & Co (40 Upper Gungate, Tamworth B79 8AA, tel 01827 54631), for the appellant.
Graeme McPherson QC (4 New Square, Lincoln’s Inn, London WC2A 3RJ, tel 020 7822 2000, e-mail general@4newsquare.com), Sian Mirchandani (4 New Square, Lincoln’s Inn, London WC2A 3RJ, tel 020 7822 2000, e-mail general@4newsquare.com) and Nicole Sandells (4 New Square, Lincoln’s Inn, London WC2A 3RJ, tel 020 7822 2000, e-mail general@4newsquare.com), instructed by Mills and Reeve LLP (Fountain House, 130 Fenchurch Street, London EC3M 5DJ, tel 020 7648 9220), for the respondent.
Cases referenced
Cases in bold have further reading - click to view.
Agricultural Land Management Ltd v Jackson (No 2)
[2014] WASC 102
Akai Holdings Ltd v Kasikornbank PCL
[2011] 1 HKC 357
Amaltal Corpn Ltd v Maruha Corpn
[2007] NZSC 40
Bank of New Zealand v New Zealand Guardian Trust Co Ltd