ARAB BANK PLC v JOHN D WOOD COMMERCIAL LTD ANTHONY SAVILLE BROWNE WEATHERALL GREEN & SMITH (A FIRM) TERENCE GORDON KNIGHT

[2000] Lloyd's Rep IR 471

COURT OF APPEAL

Before Lord Justice Nourse, Lord Justice Mantell and Lord Justice Mance

Insurance (mortgage indemnity guarantee) - Bank lending 90 per cent of valuation of industrial estate - Borrower in default - Overvaluation of industrial estate by valuers - Assessment of damages - Whether judge erred in approach to valuation of premises - Whether proceeds of mortgage indemnity guarantee policy to be taken into account in assessing Bank’s loss - Whether Bank contributorily negligent.