Lloyds TSB Bank plc v Clarke (Liquidator of Socimer International Bank Limited) and Chase Manhattan Bank Luxembourg S A: PC 29 May 2002

PC (Bahamas) The Board was asked whether a sub-participation agreement, entered into between two banks in respect of part of a eurobond issue, conferred upon the sub-participating bank any proprietary interest in the underlying bonds or their proceeds.
PC Bahamas

Judges:

Lord Bingham of Cornhill, Lord Nicholls of Birkenhead, Lord Hoffmann, Lord Hobhouse of Woodborough, The Rt. Hon. Justice Tipping

Citations:

Appeal No 41 of 2001, [2002] UKPC 27, [2002] 2 All ER (Comm) 992

Links:

PC, Lloyds TSB Bank plc v.’ target=’_n’>PC, Bailii, PC

Commonwealth, Banking

Updated: 06 June 2022; Ref: scu.174486