Re National Bank Ltd

JurisdictionEngland & Wales
Judgment Date1966
Date1966
Year1966
CourtChancery Division
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134 cases
  • Project Lietzenburger Straße Holdco S.À.R.L.
    • United Kingdom
    • Chancery Division
    • 4 March 2024
    ...2) [2004] EWHC 1466, as the “classic formulation” of applicable principles in the judgment of Plowman J in Re National Bank Limited [1966] 1 WLR 819 by reference to a passage in Buckley on the Companies Acts (13 th edition, 1957). Since there was no dispute between the parties on the appli......
  • Codere Finance 2 (UK) Ltd
    • United Kingdom
    • Chancery Division
    • 13 September 2020
    ...and acting in respect of his interest, might reasonably approve the scheme (applying the well known tests set out by Plowman J in Re National Bank Ltd [1966] 1 All ER 1006 at 1012). This is particularly the case where, as here, the anticipated difference in returns between the scheme proce......
  • The Companies Act 2006: an : Codere Finance (Uk) Ltd
    • United Kingdom
    • Chancery Division
    • 17 December 2015
    ...take when deciding whether to sanction a scheme of arrangement is to be found in the much-quoted judgment of Mr. Justice Plowman in Re National Bank Ltd. [1966] 1 WLR 819. Mr. Justice Plowman endorsed a passage from Buckley on the Companies Acts (13 th ed.) which read as follows: "In exerci......
  • Lombard Medical Technologies Plc v the Companies Act 2006
    • United Kingdom
    • Chancery Division
    • 18 July 2014
    ...principles which should guide the court in the exercise of its discretion have long been settled. They were stated by Plowman J in Re National Bank Limited [1966] 1 WLR 819 at 829, approving the following quotation from the 13 th (1957) edition of Buckley on the Companies Acts: "In exercisi......
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1 firm's commentaries
  • Scheme Of Arrangements: Fair And Reasonable
    • Bermuda
    • Mondaq Bermuda
    • 6 January 2010
    ...honest man, a member of the class concerned and acting in respect of his interest, might reasonably approve. In Re National Bank Ltd. [1966] 1 WLR 819, Plowman J said, at page Under section 206 (the forerunner of section 425 of the Companies Act 1985) an arrangement can only be sanctioned i......
6 books & journal articles
  • Table of Cases
    • United Kingdom
    • Wildy Simmonds & Hill Law of Insolvent Partnerships and Limited Liability Partnerships Contents
    • 29 August 2015
    ...123 28, 37, 38 xxxii Law of Insolvent Partnerships and Limited Liability Partnerships Naeem, Re [1990] 1 WLR 48 86 National Bank, Re [1966] 1 WLR 819 36 National Westminster Bank Plc v Msaada Group [2011] EWHC 3423 (Ch), [2012] BCC 226 119 National Westminster Bank plc v Scher [1998] BPIR 2......
  • Schemes of arrangement
    • United Kingdom
    • Wildy Simmonds & Hill Law of Insolvent Partnerships and Limited Liability Partnerships Contents
    • 29 August 2015
    ...723 at 736; and Re Dorman Long & Co [1934] Ch 534 at 635. 84 Re Dorman Long & Co [1934] Ch 534 at 635 at 655–656, and Re National Bank [1966] 1 WLR 819. 85 In Fletcher v RAC Ltd [2000] 1 BCLC 331, Neuberger J held that there was no reasonable prospect of finding fraud on the facts, although......
  • Securities and Financial Services Regulation
    • Singapore
    • Singapore Academy of Law Annual Review No. 2021, December 2021
    • 1 December 2021
    ...and private trustees. Its duty is to monitor and comment on plans and disclosure statements filed in such cases. 33 Re National Bank [1966] 1 WLR 819 at 829A–829E; Re Hellenic & General Trust Ltd [1976] 1 WLR 123. The focus in Singapore is also on the quality of disclosure in assessing sche......
  • Corporate control transactions in South Africa : chapter 4 : part two : South Africa on corporate control
    • South Africa
    • Sabinet Transactions of the Centre for Business Law No. 2010-46, January 2010
    • 1 January 2010
    ...not 127 Blackman 1996: 323.128 Blackman 1996: 328.129 Re Robert Holdings Ltd [1968] 1 All ER 195. Stranex 1989: 178.130 Re National Bank [1966] 1 WLR 819; Re Hellenic & General Trust Ltd [1975] 1 WLR 123; [1975] 3 All ER 382.131 Levin v Felt and Tweeds Ltd 1951 (2) SA 401 (A).132 Prudential......
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