QB [2006] EWHC 2887 (Comm)
IFE Fund SA v Goldman Sachs International
Type
Case
Court
Queen's Bench (England & Wales)
Jurisdiction
Dubai International Financial Centre
Taxonomy
Banks, Corporate Liability, Breach, Discharge & Rescission of Contract
Decision date
21 Nov 2006
Catchwords
Negligence – Bank – Duty to Take Care – Provision of Credit Facilities – Defendant Bank Facilitating Financing to French Company to Take Over British Company – Claimant Providing Financing – Company Failing After Deceit of Auditors Revealed – Whether Bank in Breach of Duty to Claimant – Whether Bank Making Misrepresentation Concerning Company to Claimant
This case is relevant to Article 29 of DIFC Law No. 5/2005