Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

BARBADOS TRUST CO v BANK OF ZAMBIA

[2007] 1 Lloyd's Rep. 495

COURT OF APPEAL

Before Lord Justice Waller, Lord Justice Rix and Lord Justice Hooper

Contract - Enforcement by third party - Claim for outstanding advances made to defendant - Advances made by trustee for claimant - Validity of declaration of trust - Whether declaration of trust prohibited by terms of advances - Validity of assignment to trustee - Whether third party beneficiary could bring action in its own name.

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