11/6/2018
START DATE
END DATE
12/18/2018
HSBC Bank Bermuda Limited v. Leroy Scott Wales and Kimberlee Ann Wales
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
Supreme Court of Bermuda
CIVIL JURISDICTION
Hon. Assistant Justice Kessaram
John Hindess Marshall Diel & Myers
Bruce Swan Apex Law Group
FACTS OF THE CASE:
HSBC sought to recover debts against the Wales for a mortgage loan and a promissory note. The Wales argued the bank had a duty to advise them on the loan's suitability and fairness. The court examined whether HSBC owed a duty of care in advising on the mortgage loan application.
SUMMARY:
Whether HSBC owed a duty of care to the Wales in processing their mortgage loan application
OUTCOMES:
Court found HSBC did not owe a duty of care in advising on the mortgage loan
RULED IN FAVOUR OF:
Plaintiff (HSBC Bank Bermuda Limited)
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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HSBC Bank Bermuda Limited v. Leroy Scott Wales and Kimberlee Ann Wales
HSBC sought to recover debts against the Wales for a mortgage loan and a promissory note. The Wales argued the bank had a duty to advise them on the loan's suitability and fairness. The court examined whether HSBC owed a duty of care in advising on the mortgage loan application.