This website uses cookies to ensure you get the best experience on our website. Learn more

Anglo Petroleum v TFB (Mortgages) Ltd [2008] 1 BCLC 185

By Oxbridge Law TeamUpdated 04/01/2024 07:05

Judgement for the case Anglo Petroleum v TFB (Mortgages) Ltd

Table Of Contents

  • Target company owed money to parent company. Target entered into agreement with parent whereby it agreed repayment schedule for some of the debt and granted security over its assets; in return, parent wrote off rest of the debt. On same day, purchaser bought target company.

  • Was later argued that security agreement was financial assistance to purchaser.


  • As matter of commercial reality, security agreement was price target company had to pay for obtaining a reduction in its debt

  • Thus was not financial assistance.

Any comments or edits about this case? Get in touch

For Further Study on Anglo Petroleum v TFB (Mortgages) Ltd

Corporate Insolvency Notes
63 total pages
28 purchased

A collection of the best BPTC Corporate Insolvency notes the director o...

Corporate Finance Notes
155 total pages
11 purchased

A collection of the best LPC Corporate Finance notes the director of Ox...

Need instant answers? Our AI exam tutor is here to help.

Ask questions 🙋 Get answers 📔 It's simple 👁️👄👁️

Our AI is educated by the highest scoring students across all subjects and schools. Join hundreds of your peers today.

Get Started
Claim every advantage to get a first in law
Company law Notes
805 total pages
1068 purchased

Company law notes fully updated for recent exams in the UK. These notes...