|Source:||All England Reporter|
|Publisher Citation:|| All ER (D) 33 (Nov)|
|Representation||Graham Platford (instructed by Johnson Sillet Bloom) for the claimants.|
|Catherine Newman QC and Gregory Banner (instructed by Hamlins) for the defendants save for fifth defendant.|
|Judgment Dates:||2 November 2001|
Company - Charge - Charge over shares of company - Claimants incurring large debts to second defendant - Claimants creating charges over shares in their company in favour of second defendant to secure debts - Second defendant enforcing rights as chargees - Claimants becoming bankrupt and company ceasing to trade - Second defendant commencing business similar to that previously carried on by claimants' company - Claimants alleging second defendant as chargee owing duty in equity to them and in breach of that duty - Whether second defendant owing such duty - Whether second defendant breaching that duty.