The vital question of when exactly security is deemed received—whether it is on payment or on receipt of cleared funds—is addressed in this week’s NLJ, by Avneet Baryan, senior associate at Mills & Reeve.
Baryan, who is president of the Junior London Solicitors Litigation Association, looks at a recent Court of Appeal case on the subject, in which a cheque was received after the date of payment, in dollars and for the wrong amount, and subsequently rejected.
She writes: ‘This case highlights the court’s approach in ensuring compliance with court orders and the judiciary’s willingness to uphold strict deadlines.’RELATED ARTICLES
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