Legal News

Bank of Scotland succeeds in breach of contract claim (McDonagh v Bank of Scotland plc and others)

Published on: 17 December 2018
Published by: LexisPSL
  • Bank of Scotland succeeds in breach of contract claim (McDonagh v Bank of Scotland plc and others)
  • What are the practical implications of this case?
  • On contractual interpretation
  • In relation to banks
  • In relation to receivers
  • What was the background?
  • What did the court decide?

Article summary

Banking & Finance analysis: Nick Loewendahl, managing associate at Foot Anstey LLP, considers the practical implications of the judgment in McDonagh v Bank of Scotland plc and others where the bank succeeded in establishing its right to repayment of an €11m loan, defeating the claimant’s breach of contract, duress and intimidation claims. A receivership sale of a mixed-borrower property portfolio was also upheld. or take a trial to read the full analysis.

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