Judgment
Finsbury Bank and Trust Company v Attorney General of the Cayman Islands - Judgment
Civ App 0040/1994 · 1996-12-06
Validity of receiver’s powers under Banks and Trust Companies Law; Interpretation of section 14 and incorporation of Bankruptcy Law section 18; Whether receiver required court directions to act; Liability of licensee bank for receiver’s fees; Statutory indemnity and quantum meruit considerations; Remittal for assessment of reasonable expenses
Full metadata
| Cause Number | Civ App 0040/1994 |
|---|---|
| Court | CICA (Civ) |
| Judge | Collett JA, Kerr JA, Zacca JA |
| Parties | Finsbury Bank and Trust Company v Attorney General of the Cayman Islands - Judgment |
| Judgment Date | 1996-12-06 |
| Subject | Validity of receiver’s powers under Banks and Trust Companies Law; Interpretation of section 14 and incorporation of Bankruptcy Law section 18; Whether receiver required court directions to act; Liability of licensee bank for receiver’s fees; Statutory indemnity and quantum meruit considerations; Remittal for assessment of reasonable expenses |
| Filename (current) | 96-12-06_finsbury_bank_and_trust_company_v_attorney_general_of_the_cayman_islands.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Banks and Trust Companies Act | 14, 14 (1), 14 (1) (d) (v), 14 (1) (v) | 15 |
| Bankruptcy Act | 18 | 14 |
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