NEW ZEALAND GUARDIAN TRUST CO LTD V KENNETH STEWART BROOKS AND OTHERS

Abstract

Budget Rent A Car Ltd (Budget) borrowed money from a consortium of financiers and bankers. The advance was secured by a debenture trust deed dated 5th May, 1987, entered into between Budget, Budget Lease Management (Car Sales) Ltd and the Appellant, New Zealand Guardian Trust Co Ltd (the Trust Company). The holders of the debenture were the lenders involved in the consortium. The total sum advanced was £17.25m.

Citation

of KINKEL, L.K., OLIVER OF AYLMERTON, L., MUSTILL, L., LLOYD OF BERWICK, L. and NICHOLLS OF BIRKENHEAD, L. (1995), "NEW ZEALAND GUARDIAN TRUST CO LTD V KENNETH STEWART BROOKS AND OTHERS", Journal of Financial Regulation and Compliance, Vol. 3 No. 3, pp. 290-293. https://doi.org/10.1108/eb024851