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Bank – Banker/client relationship. Following the first claimant's default on a senior facilities agreement, the first defendant bank had disclosed reports to the second defendant competitor of the claimants. In considering the claimant's claims for breach of confidentiality, the Chancery Division considered that the first defendant had breached its contractual obligation of confidence and summarily assessed damages of £5,000 to reflect the amount that the first defendant would have had to pay for the work to be done if the second defendant had not been a company within the first claimant's group. The claim against the second defendant for breach of an equitable obligation of confidence was dismissed.
Bank – Banker/client relationship. Following the first claimant's default on a senior facilities agreement, the first defendant bank had disclosed reports to the second defendant competitor of the claimants. In considering the claimant's claims for breach of confidentiality, the Chancery Division considered that the first defendant had breached its contractual obligation of confidence and summarily assessed damages of £5,000 to reflect the amount that the first defendant would have had to pay for the work to be done if the second defendant had not been a company within the first claimant's group. The claim against the second defendant for breach of an equitable obligation of confidence was dismissed.
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Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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