Bank Reference

Playboy Club London Sue Bank Over Lebanese Businessman £427,940 Win

Playboy Club London Sue Bank Over Lebanese Businessman £427,940 Win

In a recent case, the Supreme Court in London (which is the highest court in the UK) was asked to decide on a matter in which a reference, given by a bank to its customer, was entirely incorrect. It is common for a party to ask a bank to give their opinion on the financial standing of another party, as part of a commercial transaction. Playboy Club, who asked the bank for an opinion on one of its casino gamblers via a third party, claimed that the bank had been negligent and sought compensation.  

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