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ARTICLE · 02 DECEMBER 2016

Finance Litigation Briefing November 2016: Report And Review On The Latest Cases And Issues

Gowling WLG
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Gowling WLG's finance litigation experts bring you the latest on the cases and issues affecting the lending industry.

United KingdomLitigation, Mediation & Arbitration

Gowling WLG's finance litigation experts bring you the latest on the cases and issues affecting the lending industry.

Enforcement and priority of an unpaid vendor's lien

We last reported on the case of Bank of Cyprus PLC v Menelaou, in December 2015 from which the details of the case can be seen. Briefly, the bank agreed to release its charges on one property owned by Menelaou's parents so it could be sold and monies freed up to purchase another property (Great Oak Court) and upon which the bank would have a charge. The purchase of Great Oak Court was in Menelaou's sole name but she held it on trust for the benefit of herself and two younger siblings. She had had no knowledge of the

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