Financial Institutions v Negril

CYNthesys

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Joined: Jun 2007

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Financial Institutions v Negril

11th November 2007, 12:43:PM

Contracts, Banking and Finance
The Privy Council ruled that it was unconscionable that a bank had allowed two corporate clients’ overdrafts to increase whilst treating them as unauthorised overdrafts and charging a very high rate of interest: Financial Institutions Services Ltd v Negril Negril Holdings Ltd [2004] UKPC 40
.http://www.clig.org/newsletter/n53.htm

Tags: contracts, council, financial, holdings, institutions, interest, privy, unauthorised, unconscionable

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Financial Institutions v Negril

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