About: Hazell v Hammersmith and Fulham LBC     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:SupremeCourtOfTheUnitedStatesCase, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)
QRcode icon
http://dbpedia.demo.openlinksw.com/describe/?url=http%3A%2F%2Fdbpedia.org%2Fresource%2FHazell_v_Hammersmith_and_Fulham_LBC

Hazell v Hammersmith and Fulham LBC [1992] 2 AC 1 is an English administrative law case, which declared that local authorities had no power to engage in interest rate swap agreements because they were beyond the council's borrowing powers, and that all the contracts were void. Their actions were held to contravene the Local Government Act 1972.

AttributesValues
rdf:type
rdfs:label
  • Hazell v Hammersmith and Fulham LBC (en)
rdfs:comment
  • Hazell v Hammersmith and Fulham LBC [1992] 2 AC 1 is an English administrative law case, which declared that local authorities had no power to engage in interest rate swap agreements because they were beyond the council's borrowing powers, and that all the contracts were void. Their actions were held to contravene the Local Government Act 1972. (en)
name
  • Hazell v Hammersmith and Fulham LBC (en)
foaf:depiction
  • http://commons.wikimedia.org/wiki/Special:FilePath/Shepherds_bush_road_london.jpg
dcterms:subject
Wikipage page ID
Wikipage revision ID
Link from a Wikipage to another Wikipage
Link from a Wikipage to an external page
sameAs
transcripts
dbp:wikiPageUsesTemplate
thumbnail
citations
  • [1991] 1 All ER 545 (en)
  • [1991] 2 WLR 372 (en)
  • [1992] 2 AC 1 (en)
court
full name
  • Hazell and Others v Hammersmith and Fulham LBC (en)
judges
keywords
  • Resulting trusts, local authority, interest rate swaps (en)
has abstract
  • Hazell v Hammersmith and Fulham LBC [1992] 2 AC 1 is an English administrative law case, which declared that local authorities had no power to engage in interest rate swap agreements because they were beyond the council's borrowing powers, and that all the contracts were void. Their actions were held to contravene the Local Government Act 1972. Prior to the judgment, a large number of local authorities had entered into such swap transactions. Accordingly, the decision of the House of Lords declaring such practices to be unlawful set off a torrent of collateral litigation unwinding such swaps. Although this clearly caused difficulties for the banks and local authorities engaged in such swap transactions, it has been noted that the "swap litigation" was instrumental in developing the modern law of restitution under English law. (en)
date decided
opinions
  • Lord Templeman (en)
prior actions
  • [1990] 2 QB 697 (en)
gold:hypernym
prov:wasDerivedFrom
page length (characters) of wiki page
Faceted Search & Find service v1.17_git139 as of Feb 29 2024


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 08.03.3330 as of Mar 19 2024, on Linux (x86_64-generic-linux-glibc212), Single-Server Edition (378 GB total memory, 60 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2024 OpenLink Software