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High Court determines that the plaintiffs' claim against a bank had not crystallised by June 2011, when the borrower withdrew funds from a pension policy, on the grounds that there was insufficient evidence to determine whether an adverse balance of benefits and burdens existed at that time.
High Court - mortgage agreement - pension policy - withdrawal - statute of limitations - accrual of cause of action - preliminary issue - misrepresentation - negligence - loan facility - renegotiation - encashment - adverse balance - benefits and burdens - demand for payment, plaintiffs - defendants - costs.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
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