Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

SHEARSON LEHMAN HUTTON INC. AND ANOTHER v. MACLAINE WATSON & CO. LTD., J. H. RAYNER (MINCING LANE) LTD. AND OTHERS

[1989] 2 Lloyd's Rep. 570

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Webster

Sale of Goods - Non-performance - Future contracts for purchase and sale of tin - Financial collapse of International Tin Council - LME suspended trading in tin - LME introduced new rule M - Whether LME had power to suspend existing contracts - Whether rule M valid - Whether breach of contracts induced - Whether plaintiffs entitled to damages.

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