Four directors of a property investment company who failed to win a High Court claim against the Bank of England are to take their case to the Court of Appeal.
Harry, John and Richard Hall and Dorothy Mann, shareholders and directors of Bradford Investments, have been granted leave to appeal a decision by Neuberger J that they had no prospect of establishing that the bank had behaved wrongfully or in bad faith in relation to their business.
In that decision, the judge said that he had to decide whether the claimants had a “real prospect of success” in showing that the bank had behaved unreasonably.
He took the view that while the claims made against the bank undoubtedly called into question the reasonableness of the bank’s behaviour, he was not convinced that the claimants had any real prospect of success on the issue.
PLS News 26/8/99
