downsview nomineesの例文
- First City claimed that Russell ( as receiver ) and Downsview Nominees ( as prior debenture holder ) had violated their duties to First City to:
- As a result, Downsview Nominees Ltd ( controlled by Russell ) was assigned Westpac s first debenture, and Russell became the receiver and manager under it.
- In " Downsview Nominees Ltd v First City Corp Ltd ", a company had given floating charges to two banks ( Westpac first, and First City Corp second ).
- This was supported by the cases of " Cuckmere Brick Co v Mutual Finance ", " Downsview Nominees Ltd v First City Corporation Ltd ", and " Medforth v Blake ".
- Fearing a poor outcome, First City then offered Downsview Nominees all moneys owing under the first debenture ( so it would be redeemed and First City could take charge ), or alternatively to sell its second debenture to Downsview on similar terms, but this offer was declined.