A Bank’s Liability for a Director’s Misappropriation of Funds: Singularis Holdings Limited (in liq) v Daiwa Capital Markets Europe Ltd
Introduction In the recent decision of Singularis Holdings Limited (in liq) v Daiwa Capital Markets Europe Ltd,1 the Supreme Court affirmed a bank’s liability to a corporate customer for the misappropriation of funds by one of the customer’s directors for the first time. In order to contextualise the case this article will first examine the origin of […]