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Ikea Trading und Design v BOE Bank : ウィキペディア英語版 | Ikea Trading und Design v BOE Bank
''Ikea Trading und Design AG v BOE Bank Ltd'',〔2005 (2) SA 7 (SCA).〕 an important case in South African property law, was heard in the Supreme Court of Appeal on March 18, 2004, with judgment handed down on April 1. == Facts == The first respondent was the holder of a general covering notarial bond, passed in its favour by W CC over the assets of the latter. When W CC was placed in final liquidation, the first respondent applied to the High Court for an order declaring that the liquidation and distribution account in respect of W CC had to be redrawn so as to reflect its preference by virtue of that bond. The argument was raised that the bond did not comply with the requirements of the Security by Means of Movable Property Act,〔Act 57 of 1993.〕〔s 1(1).〕 because it failed to specify and describe the assets referred to in the bond in a manner which rendered the assets readily recognisable.
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