RIYAD BANK v AHLI UNITED BANK (UK) PLC

[2005] 2 Lloyd's Rep. 409

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Moore-Bick

Banking - Claimant bank acquiring Sharia-compliant investment Fund - Defendant bank entering into Technical Services Agreement with claimant - Defendant required to evalue and propose leases for acquisition by Fund - Value of leases failing to reach expected level of performance - Whether defendant owed duty of care to avoid negligent misrepresentation - Whether duty broken - Mitigation of loss - Whether action precluded by Indemnity Clause or waiver.