Interpreting and excluding the Quincecare duty (Morgan Chase v Federal Republic of Nigeria)

Table of contents

• What are the practical implications of this case?
• What was the background?
• What did the court decide?
• Case details

Article summary

Dispute Resolution analysis: This analysis considers the Court of Appeal’s eagerly anticipated judgment in the dispute between the Nigerian Government and Morgan Chase concerning what obligations a bank has in relation to fraudulent transactions and how the parties to a contract can limit or exclude these duties. It examines the Court of Appeal’s decision with a particular focus on its impact on the Quincecare duty, contractual interpretation and how the two interlink. Written by Nicole Bollard, barrister, at 3PB Barristers.