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High Court: Banks' interests intact even when pledged goods are mixed up

Judgment comes in the case of Pars Ram Brothers' stock of pepper
Thursday, March 9, 2017 - 05:50

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The High Court, in a decision that is the first of its kind in Singapore and the United Kingdom, has ruled that banks' security interests remain intact despite the mixup among the stock of pledged goods.

Singapore

IMAGINE a trader which has various categories of stock kept in a warehouse. The categories of the stock are distinguishable from each other, but within each category, bags of stock that were financed by one bank were mixed up with bags financed by other banks.

Then the

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