United Bank Ltd. v. Claybridge S.A. - Lord Denning, M.R., Lord Justices Templeman and Watkins - C.A. - Apr. 28, 1980

The plaintiffs claimed $42 million against the defendants said to be due to the plaintiffs upon an overdraft repayable on demand. On Mar. 27, 1980 Mr. Justice Robert Goff granted a Mareva injunction against the defendants limited to the $42m. On Mar. 31, 1980 Mr. Justice Parker raised the injunction on the application of the defendants to allow the defendants to pay debts incurred in the ordinary course of business in the order in which they fell due for payment (applying the principles in Iraqi Ministry of Defence v. Arecepey Shipping Co. S.A. (The Angel Bell ) [1980] 2 W.L.R. 488).