Smith New Court Securities Ltd v Scrimgeour Vickers (Asset Management) Ltd and Another
| Jurisdiction | UK Non-devolved |
| Judge | Lord Browne-Wilkinson,Lord Keith of Kinkel,Lord Mustill,Lord Slynn of Hadley,Lord Steyn,LORD BROWNE-WILKINSON,LORD KEITH OF KINKEL,LORD MUSTILL,LORD SLYNN OF HADLEY,LORD STEYN |
| Judgment Date | 21 November 1996 |
| Judgment citation (vLex) | [1996] UKHL J1121-3 |
| Date | 21 November 1996 |
| Court | House of Lords |
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353 cases
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Eurasian Natural Resources Corporation Ltd v Dechert LLP
...The position here was said to be analogous to the tort of deceit. The latter claim was the one at issue in Smith New Court v Citibank [1997] AC 254 in which the House of Lords held that reasonable foresight was not required for claims in deceit. I do not accept that Smith New Court is any a......
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IVY Technology Ltd v Mr Barry Martin
...to keep it afloat. (i) Principles 512 As set out by Jacobs J in Vald Nielsen at § 484, Smith New Court Securities Ltd. v Citibank N.A. [1997] AC 254 (“ Smith New Court”) is the leading case relating to damages for deceit in the context of contracts of purchase. In that case, the Court of Ap......
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- Wingecarribee Shire Council v Lehman Brothers Australia Ltd (in Liquidation)
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10 firm's commentaries
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International Fraud & Asset Tracing (3rd Edition), England & Wales
...loss does not extend beyond the consequences fl owing from the negligent misrepresentation.’ Smith New Court Securities Ltd v Citibank [1997] A.C. 254 at 283. For a more recent case which emphasised the extent of the damages possible in cases of fraudulent misrepresentation, see Parabola Inv......
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Liability Of Company Directors For Damages In Deceit - Useful Lessons From Inter Export LLC V Townley And Anor
...1 Inter Export LLC v Jonathan Townley and Yaroslavna Lasytsya [2018] EWCA Civ 2068 2 Smith New Court Securities Ltd v Citibank NA [1997] A.C. 254 and Doyle v Olby (Ironmongers) Ltd [1969] 2 Q.B. 158 Visit us at mayerbrown.com Mayer Brown is a global legal services provider comprising legal ......
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Court Of Appeal Rejects Novel Argument That Fraud Victims Should Give Credit For The "Time Value" Of Cash Received As Part Of A Fraudulent Transaction
...the classic modern statement of the applicable principles when assessing damages for deceit in Smith New Court Ltd v Scrimgeour Vickers [1997] AC 254. Smith New Court confirmed that the time at which credit is to be given for the benefits received by the innocent party is normally the date ......
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Court Of Appeal Rejects Novel Argument That Fraud Victims Should Give Credit For The "Time Value" Of Cash Received As Part Of A Fraudulent Transaction
...the classic modern statement of the applicable principles when assessing damages for deceit in Smith New Court Ltd v Scrimgeour Vickers [1997] AC 254. Smith New Court confirmed that the time at which credit is to be given for the benefits received by the innocent party is normally the date ......
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25 books & journal articles
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AN ACCOUNT OF ACCOUNTS
...66 CLP 307 at 331–334. 167 Doyle v Olby (Ironmongers) Ltd [1969] 2 QB 158, approved in Smith New Court Securities v Citibank NA[1997] AC 254; see also OMV Petrom SA v Glencore International AG[2016] EWCA Civ 778. 168 Libertarian Investments Ltd v Hall (2013) 16 HKCFAR 61 at [96], citing Can......
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NAVIGATING THE MAZE
...32 Syd L Rev 389 at 394. 31 Peter Devonshire, “Account of Profits for Breach of Fiduciary Duty”(2010) 32 Syd L Rev 389 at 394. 32[1996] 3 WLR 1051. 33[2009] 3 SLR(R) 109 at [142]–[145]. 34[1967] 2 AC 46. 35 See, for example, Re Bhullar[2003] BCC 711 at [272], per Parker LJ. 36Ng Eng Ghee v ......
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Table of cases
...2 W.L.R. 148, [1961] 3 All E.R. 1159, 106 Sol. J. 77 (C.A.) ..................... 97– 98 Smith New Court Securities Ltd. v. Scrimgeour, [1997] A.C. 254 (H.L.).......... 300 Snell v. Farrell, [1990] 2 S.C.R. 311, 72 D.L.R. (4th) 289, 110 N.R. 200, 4 C.C.L.T. (2d) 229...............................
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Table of Cases
...v. Haley (1922), 52 O.L.R. 95, [1923] 3 D.L.R. 156 (C.A.) ...................... 43 Smith New Court Securities Ltd. v. Scrimgeour, [1997] A.C. 254 (H.L.) ........... 317 Smith v. Inco Ltd., [2010] O.J. No. 2864, 2010 ONSC 3790 ................296, 347, 402 Smith v. Jones, [1999] 1 S.C.R. 45......
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