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Re Yeovil Glove Co Ltd
''Re Yeovil Glove Co Ltd'' 965Ch 148 is a leading UK insolvency law case, concerning voidable floating charges for past value. It holds that a floating charge can harden (or crystallise) when it secures a debt in an overdraft account, when the bank keeps the facility open as a company takes money out and puts money in. Facts The liquidator of Yeovil Glove Co Ltd, a glove manufacturer in Yeovil, sued National Provincial Bank to rescind a floating charge taken within 12 months before insolvency. The bank's floating charge was to secure Yeovil Glove's overdraft, which (on top of debts of £94,000 to other unsecured creditors) had grown to £67,000 when the bank took fixed security and then as money was still unpaid, a floating charge. Over the next year, Yeovil Glove paid £111,000 and drew out (through cheques written to other people that the bank was honouring) £110,000. At the time the Insolvency Act 1986, section 245 (formerly Companies Act 1948, section 322) read that a float ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gordon Willmer
Sir Henry Gordon Willmer, OBE, TD (11 August 1899''England & Wales, Civil Registration Death Index, 1916-2007'' – 17 May 1983) was an English lawyer and judge. Willmer was from Birkenhead, Cheshire, the son of Arthur Willmer and the brother of the academic Nevill Willmer and the first-class cricketer Arthur Willmer. He was educated at Birkenhead School and Corpus Christi College, Cambridge. He was called to the bar by the Inner Temple in 1924 and practiced at the Admiralty bar. He took silk in 1939, shortly before the outbreak of the Second World War. He had retired from the Territorial Army in 1938, but in 1940 was commissioned and served in the coastal artillery. He was appointed to the High Court shortly after the war, in December 1945, receiving the customary knighthood, and was assigned to the Probate, Divorce and Admiralty Division. In 1958 he was appointed a Lord Justice of Appeal and was sworn of the Privy Council. He retired in 1969. In retirement he worked an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anthony Plowman
Sir John Anthony Plowman (27 December 1905 – 30 August 1993) was a British judge who served as the Vice-Chancellor of the Chancery Division of the High Court between 1974 and 1976. Biography The son of John Tharp Plowman, a solicitor, Plowman was educated at the Highgate School before taking the Law Society examinations, with a view of becoming a solicitor. He then attended Gonville and Caius College, Cambridge, graduating with a First. He was called to the bar by Lincoln's Inn in 1931 and practised at the Chancery bar. During World War II, he joined the Royal Air Force, attaining the rank of Squadron leader. After the War, Plowman returned to the bar, and was made a Queen's Counsel in 1954. He was appointed to the High Court in 1961 and assigned to the Chancery Division, receiving the customary knighthood. He became Vice-Chancellor in 1974, serving until his retirement in 1976. Plowman was a Member of the General Council of the Bar between 1956 and 1960 and was elected a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1965 In British Law
Events January–February * January 14 – The Prime Minister of Northern Ireland and the Taoiseach of the Republic of Ireland meet for the first time in 43 years. * January 20 ** Lyndon B. Johnson is Second inauguration of Lyndon B. Johnson, sworn in for a full term as President of the United States. ** Indonesian President Sukarno announces the withdrawal of the Indonesian government from the United Nations. * January 30 – The Death and state funeral of Winston Churchill, state funeral of Sir Winston Churchill takes place in London with the largest assembly of dignitaries in the world until the 2005 funeral of Pope John Paul II. * February 4 – Trofim Lysenko is removed from his post as director of the Institute of Genetics at the Russian Academy of Sciences, Academy of Sciences in the Soviet Union. Lysenkoism, Lysenkoist theories are now treated as pseudoscience. * February 12 ** The African and Malagasy Republic, Malagasy Common Organization ('; OCA ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
