Downsview Nominees Ltd and Another v First City Corporation Ltd and Another

JurisdictionUK Non-devolved
Judgment Date15 December 1992
Date15 December 1992
CourtPrivy Council
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175 cases
  • Publishers Representatives Ltd v UBS (CI) Ltd
    • Cayman Islands
    • Grand Court (Cayman Islands)
    • 6 October 2000
    ...cited: (1) Armitage v. Nurse, [1998] Ch. 241; [1997] 2 All E.R. 705, considered. (2) Downsview Nominees Ltd. v. First City Corp. Ltd., [1993] A.C. 295; [1993] 3 All E.R. 626, distinguished. (3) Drummond-Jackson v. British Medical Assn., [1970] 1 W.L.R. 688; [1970] 1 All E.R. 1094. (4) El Aj......
  • Catt v Association of Chief Police Officers
    • United Kingdom
    • Queen's Bench Division (Administrative Court)
    • 30 May 2012
    ... ... i) The First Defendant ("ACPO") is a private company ... ...
  • The Bank of East Asia Ltd v Tan Chin Mong Holdings (S) Pte Ltd and Others
    • Singapore
    • High Court (Singapore)
    • 27 November 2000
    ...remedy of judicial review or supplement statutory rights. Equity intervenes to protect a surety In Downsview Nominees v First City Corp [1993] AC 295[1993] 3 All ER 626 Lord Templeman delivering the judgment of the Privy Council reiterated the position ([1993] AC 295, 315; [1993] 3 All ER 6......
  • Edenwest Ltd v CMS Cameron McKenna (A Firm)
    • United Kingdom
    • Chancery Division
    • 14 May 2012
    ...by its directors or managers to take reasonable care in dealing with the company's assets; but he does not: see Downsview Nominees Ltd v First City Corporation Ltd [1993] AC 295 (PC), at 313H. 71 For its part, the company can be assured that as regards the only duty the receiver managers ow......
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2 firm's commentaries
  • IFI Update London, August/Octber 2008 - Part 1
    • United Kingdom
    • Mondaq United Kingdom
    • 9 October 2008
    ...its power of sale, however, the security holder is obliged to act in good faith (see Downsview Nomimees Ltd v. First City Corp. [1993] AC 295) and to obtain the best price reasonably obtainable in the circumstances (see Cuckmere Brick Co. Ltd v. Mutual Finance Ltd [1971] Ch 949 and Silven P......
  • Harneys Corporate Recovery Services Guides to The Insolvency Act 2003 - Part 2
    • British Virgin Islands
    • Mondaq Virgin Islands
    • 4 August 2004
    ...[1971] Ch. 949; China and South Sea Bank Ltd.†v. Tan Soon Gin [1990] 1 A.C. 536; Downsview Nominees Ltd. v. First City Corporation Ltd.†[1993] A.C. 295 157 Medforth v Blake [2000] Ch 86 158 Silven Properties Ltd v Royal Bank of Scotland [2004] 1 WLR 997 159 Section 91 160 Section 92(1) 161 ......
18 books & journal articles
  • The barbados companies act, cap. 308 and receivers' duties
    • Barbados
    • Caribbean Law Review No. 6-1, June 1996
    • 1 June 1996
    ...54. 41 [1982] 3 All E.R. 938. This case was followed in American Express International Banking Corp. v. Hurley [1985) 3 All E.R. 564. 42 [1993] AC . 295. At the time when the Barbados Companies Act, Cap. 308 was being formulated, 43 however, the cases of Standard Chartered Bank v. Walked an......
  • Can Complex Contracts Effectively Replace Bankruptcy Principles? Why Interpretation Matters.
    • United States
    • American Bankruptcy Law Journal Vol. 92 No. 4, September 2018
    • 22 September 2018
    ...PERSONAL PROPERTY AND SECURITY [section] 17-38, at 629 (Oxford Univ. Press 2007) (citing Downsview Nominees Ltd v. First City Corp. Ltd [1993] AC 295, 317 (N.Z.)). In addition, there are the duties of preserving and re-delivering the assets in cases of possessory security. See id. at [secti......
  • Table of Cases
    • United Kingdom
    • Wildy Simmonds & Hill Law of Insolvent Partnerships and Limited Liability Partnerships Contents
    • 29 August 2015
    ...Securities Ltd (No 2) [1995] BCC 728 81 Dorman Long & Co, Re [1934] Ch 534 33, 36 Downsview Nominees Ltd v First City Corporation Ltd [1993] AC 295 237 Duomatic Ltd, Re [1969] 2 Ch 365 419 Eaton v Caulfield [2011] EWHC 173 (Ch), [2011] BCC 386 443, 483 Ebrahimi v Westbourne Galleries and Ot......
  • Receivership
    • United Kingdom
    • Wildy Simmonds & Hill Law of Insolvent Partnerships and Limited Liability Partnerships Contents
    • 29 August 2015
    ...Hall [1999] 1 WLR 1713; Cuckmere Brick Co Ltd v Mutual Finance Ltd [1971] Ch 949; and Downsview Nominees Ltd v First City Corporation Ltd [1993] AC 295. 259 Tse Kwong Lam v Wong Chit Sen [1983] 1 WLR 1349, and Downsview Nominees Ltd v First City Corporation Ltd [1993] AC 295. 260 Tomlin v L......
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