IN RE GOAD v. AMALGAMATED UNION OF ENGINEERING WORKERS (ENGINEERING SECTION) ECKMAN AND OTHERS v. MIDLAND BANK LTD. AND HILL SAMUEL & CO. LTD.

[1973] 1 Lloyd's Rep. 162

NATIONAL INDUSTRIAL RELATIONSCOURT

Before the Honourable Sir John Donaldson, P., R. Davies, Esq., and H. Roberts, Esq., O.B.E.

Banking - Bank's relationship with customer - Bank notified of writ of sequestration affecting property held on behalf of customer - Refusal by bank to pay sums demanded by sequestrator without order of Court - Bank's duty of confidence - Whether bank liable for sequestrators' costs of motion - Whether bank acted reasonably. Practice - Writ of sequestration - Duties of third parties in relation to dealings with contemnor's property following issue of writs of sequestration - Whether bank acted reasonably in not making full disclosure to and paying sums demanded by sequestrators.