Clayton’s Case: the 21st century impact of a 19th century bank failure

Clayton’s Case: the 21st century impact of a 19th century bank failure

The rule in Clayton’s Case was enunciated just over 200 years ago and has met with both widespread acceptance and widespread criticism.

This article examines its fortunes over the last two centuries and its continuing impact today, looking at the unexpected consequences to which it can give rise, the steps which needto be taken to mitigate those consequences and the problems associated with itsapplication in factual contexts completely different from the situation which led to its formulation.

Click here to read the full article.

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About the author:

Neeta started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her paralegal experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office in 2006. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice. She has been working at Lexis Nexis since April 2013.