- Fills a gap for a UK work on the topic of lender liability
- Covers key situations in which banks could incur liability, ranging from confidentiality and advice on transactions, to fraud and wrongful trading
- Offers a practical consideration of central issues and underlying principles
This new work provides a detailed analysis of the law of bank liability. Covering the central issues and underlying legal principles, the book outlines liability in negligence and contract, with specific reference to the banking practice and existing case law concerning banks in this field.
The book begins with a consideration of the nature of the general banker-customer relationship, the obligations it poses and the issues relating to the commencement of the banking relationship. The following chapters address the various activities undertaken by a lender and the issues which might arise; the duty of confidentiality, lenders as fiduciaries, the lenders duty to advise borrowers on the imprudence of transactions, fraud, banks as constructive trustees and damages for breach of contract by a lender, will all be considered.
The final chapters explore the duties of security holders and mortgagees of land, the liability of lenders for receivers they appoint, environmental liability and lender liability as shadow directors concerning wrongful trading.
Readership: Legal practitioners (in private practice and in-house) dealing with banking law; law libraries.
Contents
1. Introduction and Overview - what is Lender Liability?
2. Lender Liability Arising out of Banker-Customer Relationship
3. Lender Liability for Breach of Confidence
4. Lenders as Fiduciaries
5. Liability for Failing to Advise or Warn about a Transaction
6. Bank Liability for Negligence
7. Intentional Delicts/Torts
8. Banks as Constructive Trustees under English Law
9. Recovery of Money in Breach of Trust and Liability for Assistance in Fraud under Scots Law
10. Damages for Breach of Contract by a Lender
11. The Duties of a Standard Security Holder and a Legal Mortgage of Land
12. Liability of Lenders for the Acts of Receivers they Appoint
13. Environmental Liability of Lenders
14. Wrongful Trading - Liability of Lenders as Shadow Directors
15. Conclusion
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Authors, editors, and contributors
Parker Hood, Solicitor (non-practising) and Lecturer in Law, University of Edinburgh