Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

NATIONAL WESTMINSTER BANK PLC v SPECTRUM PLUS LTD

[2005] 2 Lloyd's Rep. 275

HOUSE OF LORDS

Before Lord Nicholls of Birkenhead, Lord Steyn, Lord Hope of Craighead, Lord Scott of Foscote, Lord Walker of Gestingthorpe, Baroness Hale of Richmond and Lord Brown of Eaton-under-Heywood

Banking - Charge over book debts - Whether fixed or floating charge - Siebe Gorman & Co Ltd v Barclays Bank Ltd [1979] 2 Lloyd’s Rep 142 wrongly decided - Whether Siebe Gorman to be overruled retrospectively or prospectively.

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