Westminster Bank Westminster Bank Westminster Bank was a British retail bank which operated in England and Wales from 1834 until its merger into the National Westminster Bank in 1970; it continued to exist as a dormant registered non-trading company until 4 July 2017 when it was dissolved Considered one of the Big Five, it expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies. In 1834, the London and Westminster Bank was the first firm founded under the auspices of the Bank Charter Act 1833, which allowed joint-stock banks to be established in the capital. For
Director General of Fair Trading v First National Bank plc can accrue, the contract term was fair. Lord Hope, Millett and Rodger concurred. Andrew Burrows writes that because good faith was said to mean ‘fair and open dealing’ and ‘significant imbalance’ meant ‘substantive unfairness’, both procedural "and" substantive unfairness is encompassed within the meaning of regulation 5(1). He also asks whether the court should have deferred to the Director General’s view of what was unfair, recognising respective institutional competence. Director General of Fair Trading v First National Bank plc Director General of Fair Trading v First National Bank plc [2001] UKHL 52 is the leading case on the Unfair Terms