Hazell v Hammersmith and Fulham LBC

Hazell v Hammersmith and Fulham LBC [1992] 2 AC 1 is an English administrative law case, which declared that local authorities had no power to engage in interest rate swap agreements because they were beyond the Council's borrowing powers, and that all the contracts were void. Their actions were held to contravene the Local Government Act 1972.

Hazell v Hammersmith and Fulham LBC

Hazell v Hammersmith and Fulham LBC [1992] 2 AC 1 is an English administrative law case, which declared that local authorities had no power to engage in interest rate swap agreements because they were beyond the Council's borrowing powers, and that all the contracts were void. Their actions were held to contravene the Local Government Act 1972.