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: Current AwarenessSocimer International Bank Ltd (in liquidation) v Standard Bank London Ltd - WLR Daily
By sally
“Where a commercial agreement obliged a creditor bank to determine the value of the assets of the defaulting debtor bank at the date of termination, the creditor bank?s obligation was to carry out an honest, but otherwise subjective valuation.”
WLR Daily, 25th February 2008
Source: www.lawreports.co.uk
Please note once a case has been fully reported the corresponding WLR Daily summary is removed.

Full post as published by Current Awareness on February 26, 2008 (boomark / email).
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