DEN NORSKE BANK ASA v. ACEMEX MANAGEMENT COMPANY LIMITED (THE “TROPICAL REEFER”) [2003] EWCA Civ 1559

[2004] 1 Lloyd's Rep. 1

COURT OF APPEAL

Before Lord Justice Brooke, Lord Justice Longmore and Lord Justice Jacob

Banking - Guarantee - Summary judgment - Defendants provided guarantee as security for loan on ships - bank applied for summary judgment - Whether bank owed defendants duty of care in equity in relation to arrest of vessel - Whether bank owed duty not to interfere with shipowner’s contracts.