Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

KLEINWORT BENSON LTD. v. MALAYSIA MINING CORPORATION BERHAD

[1989] 1 Lloyd's Rep. 556

COURT OF APPEAL

Before Lord Justice Fox, Lord Justice Ralph Gibson, and Lord Justice Nicholls

Contract - Letter of comfort - Dealings on London Metal Exchange - Defendants furnished plaintiffs with letter of comfort as part of loan facility made by plaintiffs to subsidiary of defendants - Collapse of tin market - Plaintiffs demanded payment -Whether letter of comfort had contractual status - Whether defendants liable.

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