Bank Of Scotland Beats £35M Row Over Country Manor
By Christopher Crosby (November 17, 2021, 4:31 PM GMT) -- An English judge rejected an entrepreneur's £35 million ($47 million) claim on Wednesday accusing the Bank of Scotland of stunting his business amid the lender's attempts to seize his medieval-era country manor over an unpaid mortgage.
Bristol High Court Judge Paul Matthews struck out Peter Hoskins' counterclaim accusing the lender of backing out of a financing arrangement funding biotechnology company EiRx Therapeutics PLC.
The judge found that the allegations were barred under a 2013 settlement the bank struck with Hoskins after he failed to repay the lender money borrowed by EiRx. Hoskins had raised the allegations to defend himself from the...
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