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Jersey Court Upholds Bank’s Security Under Security Interest Agreement

October 2010 - Finance. Legal Developments by Ogier .

More articles by this firm.

In the recent case of Mirpuri vs Bank of India ([2010] JRC 129), the Royal Court of Jersey was asked to consider what powers a secured party could exercise to protect its security. In addition, the court made a number of comments on variation of contract, estoppel and mitigation of loss.

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