SEASCOPE CAPITAL SERVICES LTD. v. ANGLO-ATLANTIC S.S. CO. LTD. AND ANOTHER [2002] EWHC 1277 (Comm)

[2002] 2 Lloyd's Rep. 611

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before His Honour Judge Michael Dean, Q.C. Sitting as a Judge of the High Court

Brokers - Commission - Part 20 claim - Brokers involved as financial intermediaries in bringing about refinancing of defendants’ product carriers - Defendants denied any agreement to pay commission - Defendants alleged agreement finally concluded different from that negotiated by broker - Whether brokers could claim commission - Defendants alleged Part 20 defendant (bank) had agreed to “take care” of claim for commission by broker - Whether defendants entitled to be indemnified by bank for failure to do so.