Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

SIEBE GORMAN & CO. LTD. v. BARCLAYS BANK LTD. SAME v. R. H. McDONALD LTD. AND BARCLAYS BANK LTD.

[1979] 2 Lloyd's Rep. 142

CHANCERY DIVISION

Before Mr. Justice Slade

Banking - Bill of exchange - Book debts - Debenture executed by company in favour of bank - Bills of exchange assigned to third party - Whether bank had priority over proceeds of bills - Whether bank had a lien over bills - Whether charge on book debts in debenture a first fixed charge upon the bills.

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