i-law

Lloyd's Maritime Law Newsletter

Pharoahs Plywood Co. Ltd. v. Allied Wood Products Co. (Pte) Ltd. - Lord Denning, M.R. and Lord Justice Ackner - Court of Appeal - Jan. 18, 1980

Whether valid assignment has priority over a Mareva injunction

Allied Wood (Allied) had borrowed money from the Bank of America National Trust and Savings Association in order to purchase timber. They sold the timber through Pharoahs, who acted as their agents, to buyers in London. Some of the timber went to William Mallinson and Denny Mott Ltd. (Mallinson). Allied owed Pharoahs £50,000 but they were in credit with Mallinson and had commenced arbitration proceedings to recover that money.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.

Copyright © 2025 Maritime Insights & Intelligence Limited. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address 5th Floor, 10 St Bride Street, London, EC4A 4AD, United Kingdom. Lloyd's List Intelligence is a trading name of Maritime Insights & Intelligence Limited.

Lloyd's is the registered trademark of the Society Incorporated by the Lloyd's Act 1871 by the name of Lloyd's.