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Article

Reconsidering Economic Loss arising out of Breach of Arrestment

Details

Citation

Stewart W (2009) Reconsidering Economic Loss arising out of Breach of Arrestment. Juridical Review, 2009 (3), pp. 227-233. http://www.sweetandmaxwell.co.uk/Catalogue/ProductDetails.aspx?recordid=475&productid=7122

Abstract
It is common when litigating in Scotland to arrest on the dependence. It remains a central plank of litigation practice, albeit matters of practice have been re-considered in light of human rights issues. This article re-considers what happens when the pursuer finds that the arrestee has paid the fund away. The issue is worth examining not least because a leading Scots law firm has published an internet commentary on the recent English case HM Commissioners of Customs & Excise v Barclays Bank plc., (Henceforth HMCCE). In that article it is suggested that the English case ¡°contains important pointers to questions which would arise if the same situation arose in Scotland.¡± Later the article continues, ¡°It is submitted that the judgment would equally apply to Scottish Arrestments on the Dependence, which again are granted without the bank being given an opportunity to enter appearance. So long as a Scottish bank did not deliberately allow a breach of the arrestment, they ought not to have any duty of care towards the third party.¡±

Keywords
economic loss; arrestment; Law Scotland; Civil rights Scoltand

Journal
Juridical Review: Volume 2009, Issue 3

StatusPublished
Publication date31/12/2009
URL
PublisherSweet & Maxwell Ltd / W. Green
Publisher URL
ISSN0022-6785