(479)  FLOATING CHARGES IN THE HOUSE OF LORDS AGAIN

Some interesting obiter from Lord Hope of Craighead on this ever-vexed subject in the English House of Lords case, National Westminster Bank v Spectrum Plus Ltd [2005] UKHL 41:

49.  Prior to 1961 it was impossible for a Scottish company to create a floating charge over the whole or any part of its property and undertaking. In In re Bank of Credit and Commerce International S A (No 8) [1998] AC 214