Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

JACKSON v. ROYAL BANK OF SCOTLAND

[2005] 1 Lloyd's Rep. 366

HOUSE OF LORDS

Before Lord Nicholls, Lord Hoffmann, Lord Hope, Lord Walker and Lord Brown

Banking - Letter of credit - Breach of contract - Measure of damages - Loss of opportunity - Bank in breach of confidentiality obligation disclosing to the buyer the profits made by the seller - Termination of contract of sale by buyer - Whether Bank liable to seller for loss of future profits - Duration of period for which damages awardable.

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