Enforceability of credit agreements

As reported in the Law Society Gazette, a recent High Court decision ruled that a credit agreement was still enforceable even though the bank was unable to provide a copy of the actual agreement since a reconstructed copy was acceptable.

While the case may be appealed, it appears that the Court is no longer prepared to allow borrowers to escape liability through technical arguments with regards to clients in respect of strict compliance with the Consumer Credit Act.

For more information on the law surrounding credit agreements please call our commercial litigation solicitor Robert Johnson on 020 7822 4106, or e-mail robert.johnson@healys.com

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