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DEBT: Call it quits

28 January 2011  

Jonathan Arr explores recent decisions in the area of set-off

In his classic treatise on set-off, Rory Derham notes that this area of the law is curiously under-considered despite ‘the importance that the business community does attach to the right to set cross-demands against each other’ (The Law of Set-Off (3rd ed), page xxi).

Additional Info

  • Case(s) Referenced:

    Bank of Boston Connecticut v European Grain and Shipping Ltd (The Dominique) [1989] AC 1056

    Fearns t/a Autopaint International v Anglo-Dutch Paint & Chemical Company Limited & ors [2010] EWHC 2366 (Ch)

    Federal Commerce & Navigation Co Ltd v Molena Alpha Inc (the Nanfri) [1978] 2 QB 927

    Geldof Metaalconstructie NV v Simon Carves Limited [2010] EWCA Civ 667

    Hanak v Green [1958] 2 QB 9

    Rawson v Samuel (1841) Cr & Ph 161, 41