Vulnerable Sureties, a Bank’s Responsibility and the O’Brien-Etridge Principles: The Bank of East Asia Ltd v Mody Sonal M [2004] 4 SLR 113

• Main Author: LOW, Kee Yang
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2005
• Subjects: Asian Studies; Banking and Finance Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/739
• Institution: Singapore Management University

The subject of a bank’s responsibility for a debtor’s misconduct towards a surety is as important as it is controversial. The two momentous decisions of the House of Lords in Barclays Bank Plc v O’Brien and Royal Bank of Scotland Plc v Etridge (No 2) have dramatically altered the law. Further, in th...