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About: Re Curtain Dream plc     Goto   Sponge   NotDistinct   Permalink

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Re Curtain Dream plc [1990] BCLC 925 is a judicial decision of the English courts in relation to recharacterisation. It held that where a transaction was documented in a certain way to mask the true nature of the transaction, the court could disregard the mask and construe the transaction as it was intended to be in truth. The court held that properly construed the transaction in question was a mortgage which was void against a liquidator for non-registration.