| Source: | All England Reporter |
| Publisher Citation: | [2006] All ER (D) 246 (Apr) |
| Neutral Citation: | [2006] EWHC 864 (Comm) |
| Court: | Queen's Bench Division (Commercial Court) |
| Judge: | Cooke J |
| Representation | Michael Bloch QC and Lucy Frazer (instructed by Clifford Chance LLP) for the claimants. |
| Alan Steinfeld QC and Richard Ritchie (instructed by Kingsley Napley) for the defendant. | |
| Judgment Dates: | 27 April 2006 |
Catchwords
Contract - Bond - Performance bond - Alleged contract to procure bond - Whether total failure of consideration resulting from defendant's failure to procure bond - Whether defendant giving negligent advice in relation to procurement of bond.
The Case
A claim for the return of warrants for the purchase of shares in the first claimant, and for damages for breach of duty, failed. The claim was based on an alleged agreement whereby the defendant undertook to raise a performance bond or guarantee concerning gold extraction in Uzebekistan.
Practice Areas
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