The Business Law Reports
[2023] Bus LR 1269
Supreme Court
Philipp
v
Barclays Bank UK plc
[2023] UKSC 25
2023 Feb 1, 2; July 12
Lord Reed PSC, Lord Hodge DPSC, Lord Sales, Lord Hamblen, Lord Leggatt JJSC
Banking— Duty of care— Execution of customer’s orders— Fraudster inducing customer to instruct bank to make authorised transfer from account— Whether bank under duty not to execute instruction if on inquiry that could result in misappropriation of customer’s funds— Whether such duty only arising where instruction given by customer’s agent— Whether bank arguably in breach of duty owed to customer