UBS AG (LONDON BRANCH) AND ANOTHER v KOMMUNALE WASSERWERKE LEIPZIG GMBH UBS LTD AND ANOTHER (THIRD PARTIES) UBS LTD v DEPFA BANK PLC KOMMUNALE WASSERWERKE LEIPZIG GMBH (THIRD PARTY) UBS AG (LONDON BRANCH) v LANDESBANK BADEN-WÜRTTEMBERG UBS LTD (THIRD PARTY)

[2017] Lloyd's Rep. Plus 96

COURT OF APPEAL

Before Lady Justice Gloster, Lord Briggs of Westbourne and Lord Justice Hamblen

Banking – Single Tranche Collateralised Debt Obligations – Breach of fiduciary duty – Bribery – Whether agency relationship should be implied.