CREDIT LYONNAIS BANK NEDERLAND v. EXPORT CREDIT GUARANTEE DEPARTMENT

[1996] 1 Lloyd's Rep. 200

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Longmore

Banking - Export Credit Guarantee - Construction - Comprehensive bank guarantee and specific bank guarantee - Default of exporter - Bank claimed under guarantees in contract and tort - Allegations of misrepresentation and non-disclosure - Whether bank failed to verify validity and enforceability of bills of exchange - Duty of disclosure under contract of guarantee - Whether employee of ECGD had actual or ostensible authority to issue guarantees of bills of exchange - Breach of duty in relation to termination of insurance policy underlying CBG.