GOLDEN BELT 1 SUKUK COMPANY BSC v BNP PARIBAS FCOF II UB SECURITIES LLC AND OTHERS v BNP PARIBAS

[2018] Lloyd's Rep. Plus 26

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Males

Banking – Duty of care – Islamic financing – Sukuk – Promissory Note issued for protection of certificate holders in event of default by borrower – Promissory Note unenforceable by reason of improper signature – Whether arranging bank owed duty of care to trustee and to purchasers of certificates – Breach of duty – Measure of damages.