||All England Reporter
|| All ER (D) 44 (Dec)
|| EWHC 3182 (Comm)
||Queen's Bench Division (Commercial Court)
||Nigel Tozzi QC and Jeremy Brier (instructed by Stewarts Law LLP) for the claimants.
||Robin Dicker QC and James Macdonald (instructed by Clifford Chance LLP) for BNPP.
||7 December 2017
Bank - Negligence - Determination of whether bank owed duty of care to claimants as arranger of Islamic financing transaction known as 'Sukuk'
Bank Negligence. The Financial List held that the defendant bank, Bnp Paribas, (BNPP), as the arranger of an Islamic financing transaction known as a 'Sukuk', had owed a duty to the claimant in the second action (together, the Funds), but not to the claimants in the first action, to take reasonable care to ensure that a promissory note issued in respect of the Sukuk had been properly executed. The Funds were the holders of the Sukuk certificates in question. The court held that BNPP had breached the duty owed to the Funds and was liable to them in damages to be assessed at a further hearing.
- An Official transcript is the final version of the judgment prepared by shorthand writers. LexisLibrary contains all judgments from the High Court and aboveView Judgment
- Commentary discussing this particular case from LexisLibrary's comprehensive range of titles including Butterworths, Halsbury's and TolleyView related commentary
- The All England Law Reports comprises judgments with headnotes and catchwords indicating the area of law and key issues of the case prepared by legally qualified editorsFind AllER Reports
- Cases related to this particular case that are related to, or discuss this caseView related cases