Welsh Development Agency v Export Finance Co Ltd
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Welsh Development Agency v Export Finance Co Ltd [1992] BCLC 148 (often abbreviated to WDA v Exfinco) is a judicial decision of the English Court of Appeal. The decision related to a number of aspects relating to complex financing arrangement, but is most often cited for the decision in relation to recharacterisation.[1][2][3]
Quick Facts Welsh Development Agency v Export Finance Co Ltd, Court ...
Welsh Development Agency v Export Finance Co Ltd | |
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Court | Court of Appeal |
Full case name | Welsh Development Agency v Export Finance Co Ltd |
Decided | 19 November 1991 |
Citation(s) | [1992] BCLC 148 [1992] BCC 270 [1992] JBL 541 |
Court membership | |
Judge(s) sitting | Dillon LJ Ralph Gibson LJ Staughton LJ |
Keywords | |
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The decision is now probably the leading English law case in relation to recharacterisation risk in financial transactions.[1][4]