Law In Business: Claimants left out in the cold
A recent House of Lords judgment found that banks have no duty of care to claimants when served with freezing injunctions. Clare Stothard looks at the implications of the ruling
On 21 June, 2006, the House of Lords overturned the Court of Appeal’s decision in HM Commissioners of Customs & Excise v Barclays Bank. The case concerned the obligations owed by a bank to a third party when served with a freezing injunction, but also raised wider issues about the circumstances in which a tortious duty of care should be owed to a third party in relation to pure economic loss.
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