Breach of contract: Bank's wrongdoing constituted breach of trust and confidence term
This report relates to 1 case(s)
Bank of Credit and Commerce International SA (in compulsory liquidation) v Ali and others (No.3)  IRLR 508 HC (0 other reports)
In Bank of Credit and Commerce International SA (in compulsory liquidation) v Ali and others (No.3)  IRLR 508, the High Court holds that BCCI's dishonest conduct was sufficiently serious to amount to a breach by the bank of the implied term of mutual trust and confidence in the contracts of employment of all its former employees. However, a representative sample of them failed to establish that the breach had occasioned financial loss to any of them. They were unable to show that any stigma attaching to them as a result of the publicity given to the bank's wrongdoing blighted their prospects of obtaining fresh employment.