Astra Asset Management (UK) Ltd v Co-Operative Bank plc

Practice – Pre-trial or post-judgment relief. The defendant bank's application for summary judgment against the claimant company was allowed in part, in proceedings concerning certain debts and security interests (the rights). The Commercial Court held that, among other things, there was no tenable argument that a binding contract had been made for the sale and purchase of the rights. The dealings between the parties were incapable in law of having given rise to such a contract.

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