Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

ROYAL PRODUCTS LTD. v. MIDLAND BANK LTD. AND BANK OF VALLETTA LTD.

[1981] 2 Lloyd's Rep. 194

QUEEN'S BENCH DIVISION

Before Mr. Justice Webster

Banking - Transfer of credit - Agency - Plaintiff instructed defendants to transfer an amount of money to BICAL - Defendants instructed third party - BICAL ceased banking operations - Whether plaintiffs' instructions had been carried out - Whether third party agents of defendants - Whether defendants owed plaintiffs duty of care in carrying out transaction - Whether defendants liable for failing to retrieve remittance.

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