||All England Reporter
|| All ER (D) 345 (May)
|| EWHC 1113 (Comm)
||William Blair QC and David Quest (instructed by DG Solicitors) for the first defendant.
||Fidelis Oditah (instructed by Squire Sanders & Dempsey) for the second defendant.
||23 May 2003
Banking - Business of banking - Payment of cheques - English bank acting as paying bank and agent for collection for foreign bank - Cheque stolen - Both banks settling claimant's action - English bank seeking indemnity from foreign bank - Liability for stolen cheque.
In giving judgment for the first defendant bank against the second defendant bank in contribution proceedings following the honouring of a stolen cheque (the payee of which was the claimant), the court held that Middle Temple v Lloyds Bank had not been wrongly decided nor had it been decided per incuriam.
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