- 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?
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.
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