Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

WILSON, SMITHETT & COPE LTD. v. TERRUZZI

[1975] 1 Lloyd's Rep. 642

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Kerr

Contract - Illegality - Exchange control - English broker employed by Italian principal resident in Italy to deal on London Metal Exchange - Claim by broker to be reimbursed in respect of transactions effected - Whether transactions authorized by principal - Whether transactions unenforceable on ground of prohibition by Italian exchange control regulation - Whether transactions "exchange contracts" - Bretton Woods Fund Agreement, art. VIII (2)(b).

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