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Judge and JuristEssays in Memory of Lord Rodger of Earlsferry$
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Andrew Burrows, David Johnston, QC, and Reinhard Zimmermann

Print publication date: 2013

Print ISBN-13: 9780199677344

Published to Oxford Scholarship Online: September 2013

DOI: 10.1093/acprof:oso/9780199677344.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 09 December 2019

Embalmed in Rettie: The City of Glasgow Bank and the Liability of Trustees

Embalmed in Rettie: The City of Glasgow Bank and the Liability of Trustees

Chapter:
(p.489) 38 Embalmed in Rettie: The City of Glasgow Bank and the Liability of Trustees
Source:
Judge and Jurist
Author(s):

Kenneth GC Reid

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199677344.003.0038

This chapter discusses a case involving the City of Glasgow Bank which concerned the issue of trustee liability. On 1 October 1878 the doors of the bank closed at the usual hour, never to re-open. A notice of suspension of business appeared in the newspapers of the following day, and all hopes that business might somehow be resumed were crushed by the publication, on 18 October, of a report on the bank's financial position. The bank's failure led to an explosion of litigation. More than 400 separate actions were raised, and the more significant were to dominate the pages of Middleton Rettie's law reports, particularly the volume for 1878–79.

Keywords:   Alan Rodger, City of Glasgow Bank, bank failure, bank litigation, trustee liability

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