Examples of Northern Rock (Guernsey) Limited in a sentence
All property, rights and liabilities of ACo in respect of any amounts outstanding on any intercompany account between ACo and any group undertaking of ACo (other than Northern Rock (Guernsey) Limited) as at the transfer time.
All rights and liabilities of ACo in respect of the undertaking given by ACo on 1st October 1997 to discharge the liabilities of Northern Rock (Guernsey) Limited.
All property, rights and liabilities of ACo in respect of those sterling, US dollar and Euro call accounts representing the amounts outstanding on the intercompany account between Northern Rock (Guernsey) Limited and ACo.
The ability of Northern Rock (Guernsey) Limited to pay dividends to Northern Rock plc was restricted by regulatory requirements in Guernsey.
The investment is in the ordinary shares of Northern Rock (Guernsey) Limited and the cost at 31 December 2010 is less than £0.1m.
Secondly, the claimant must establish a reasonable possibility that they will succeed on the merits of their claim.
The difficulties faced by Northern Rock (Guernsey) Limited were not a direct result of the liquidity shortage which caused the parent bank to seek Bank of England support, and which resulted in a UK government guarantee being provided to the parent bank’s depositors.
Northern Rock (Guernsey) Limited was considered to be part of the overall business of Northern Rock plc and therefore does not require further disclosure as a discontinued operation.The investment is in the ordinary shares of Northern Rock (Guernsey) Limited and the cost at 31 December 2010 is less than £0.1m.
Following the experience of Northern Rock (Guernsey) Limited, the Guernsey Financial Services Commission (“the Commission”), with the support of the Department, has been in discussions with the banking industry about a number of possible changes to the regulation of banking in Guernsey.
The main legal issue was the proper role of the Court in reviewing an exercise of contractual discretion.Advised (with Advocate Wessels) on the voluntary winding up of Northern Rock (Guernsey) Limited so as to satisfy regulators’ concerns about customer prejudice.Advising (with Advocate Shepherd and Anthony Williams) HSBC on claims brought in New York by Irving H.