Dovey v Bank of New Zealand - [2000] 3 NZLR 641

Bankers and banking — Payment — Bank instructed to transfer money in pounds sterling to bank in Luxembourg — London agent paying money to London agent of Luxembourg bank — Whether transaction complete.

Bankers and banking — Payment — Bank instructed to transfer money to Luxembourg bank by telex — Alternative method used — Receiving bank going into liquidation shortly after payment — Whether payment method in breach of contract — Whether loss from method of payment too remote — Whether method of payment material cause of loss.

Contract — Implied terms — Bank instructed to transfer money to bank in Luxembourg — Bank reducing exposure to Luxembourg bank shortly before transfer — Whether implied term that bank to advise customer of risk.