Banking

Solo Industries UK Ltd v Canara Bank (Court of Appeal) (Lord Justice Potter, Lord Justice Mance and Sir Martin Nourse) 27 April 2001

Banking – Performance bond – Allegation that bond had been obtained by fraud – Relevance of fraud exception to payment under bond – Test for determining whether court should grant summary judgment to beneficiary – Whether bank had reasonable prospect of success in demonstrating conspiracy or fraudulent misrepresentation