Business Mortgage Finance 6 plc v Greencoat Investments Ltd and others

Financial services – Securitisation. The steps taken by the first defendant, Greencoat Investments (GIL), together with the other defendants, to take control of the securitisation structure issued by the claimant Business Mortgage Finance 6 (BMF6) were invalid and of no effect. The Chancery Division, also granted an injunction as there remained a strong probability that, unless restrained by an order of the court, GIL would continue to interfere with the securitisation structure irrespective of whether it had the requisite standing to do so

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