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United Kingdom
quincecare dutyattributionillegality defence
Singularis Holdings Ltd v Daiwa Capital Markets Europe Ltd
[2019] UKSC 50
Key Principle
A bank owes a Quincecare duty of care not to execute a payment instruction where it has reasonable grounds for believing the instruction is an attempt to defraud the company; a company's directing mind and will defence does not absolve the bank.
Area of Law
banking
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