Malawi Supreme Court of Appeal - 2005 March

1 judgment

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1 judgment


March 2005
Nkhoma v National Bank of Malawi (Civil Cause 3860 of 1998) [2005] MWSC 3 (29 March 2005) Bank's revocation of irrevocable undertaking was grossly negligent; applicant awarded US$40,875 lost profits, costs halved. Contract law — irrevocable letters of undertaking — bank liability — revocation as breach — gross negligence/wilful misconduct — limitation clause inoperative — damages for loss of profits.	29 March 2005

March 2005

Bank's revocation of irrevocable undertaking was grossly negligent; applicant awarded US$40,875 lost profits, costs halved.

Contract law — irrevocable letters of undertaking — bank liability — revocation as breach — gross negligence/wilful misconduct — limitation clause inoperative — damages for loss of profits.

29 March 2005

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