Hearings
[1986] 1 All ER 40; [1986] 1 Lloyd's Rep 293
16 Jul 1986 [1987] QB 1002; [1987] 2 WLR 58; [1987] 1 All ER 175; [1986] 2 Lloyd's Rep 366, CA
SCF Finance Co Ltd v Masri (No 2)
Subject Matter
BANKING — Deposits — Deposit taking business — Commodity broking — Client paying deposits for commodity trading — Brokers buying and selling for commission — Extending credit and receiving interest — Accepting risk of loss against indemnity — Whether sums received from clients “deposit” — Whether brokers' business “deposit taking business” — Banking Act 1979, s 1
[1987] QB 1002; [1987] 2 WLR 58; [1987] 1 All ER 175; [1986] 2 Lloyd's Rep 366, CA
Appellate History
SCF Finance Co Ltd v Masri (No 2) [1986] 1 All ER 40; [1986] 1 Lloyd's Rep 293
Decision of Leggatt J affirmed
SCF Finance Co Ltd v Masri (No 2) [1987] QB 1002; [1987] 2 WLR 58; [1987] 1 All ER 175; [1986] 2 Lloyd's Rep 366, CA