SOCIMER INTERNATIONAL BANK LTD v STANDARD BANK LONDON LTD
[2008] Lloyd's Rep. Plus 28
COURT OF APPEAL
Before Lord Justice Laws, Lord Justice Rix and Lord Justice Lloyd
Banking – Purchase of securities – Obligation of seller
to sell assets and credit proceeds to buyer – Valuation of assets – Whether
seller under implied duty of care – Whether seller in position equivalent to
that of mortgagee selling mortgaged property.