“…eak in the chain of causation, because the losses were the “very thing” that GT was under a duty to protect against (see Barings plc v Coopers & Lybrand (No 7) [2003] EWHC 1319 (Ch), [2003] Lloyd’s Rep IR 566).…”
“…Mr Templeman relies on the judgment of Evans-Lombe J in Barings plc v Coopers & Lybrand [2003] EWHC 1319 (Ch), [2003] Lloyd’s Rep IR 566. A subsidiary in the Barings group (BFS) incurred large losses as a result of unauthorised securities trading in Singapore which wer…”