Marz Ltd v Bank of Scotland plc

Bank – Duty of care. The claimant company failed in its claims against the defendant Bank of Scotland, in proceedings concerning the alleged breach of duties in the sale of a hedging rate product to protect against the risk of changes in loan interest. The Chancery Division held that the matter had been more a matter of contract than estoppel. The fact that information had been selected and offered to the claimant had not given it the status of advice, bringing with it a duty of care.

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