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Workers Trust and Merchant Bank Ltd v Dojap Investments Ltd [1993] UKPC 7 is a contract law case of the Judicial Committee of the Privy Council, on appeal from the Court of Appeal of Jamaica. The case concerns the dividing line between a penal requirement for a deposit and liquidated damages.
Dextra drew a cheque for $2,999,000 from its bankers to lend to the Bank of Jamaica. Its agents told Dextra the money was for a loan. The Bank of Jamaica was told the money was for foreign currency purchased by its agents. They gave the money to the agents, but the agents were fraudsters. Dextra wanted restitution.
The Bank of Jamaica (Jamaican Patois: Bangk a Jumieka) is the central bank of Jamaica located in Kingston. It was established by the Bank of Jamaica Act 1960 [ 3 ] and was opened on May 1, 1961. It is responsible for the monetary policy of Jamaica on the instruction of the Minister of Finance .
The Court of Appeal is the highest appellate court in Jamaica; it is superior to the Supreme Court. [1] [2] [4] The Court is composed of a President and six other Judges.The Chief Justice is also a judge ex officio of the Court of Appeal, but participates only when asked to do so by the President.
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Investors brace for a volatile ride as President-elect Donald Trump’s second term gets underway on Monday, bringing the promise of significant policy shifts.
Luigi Mangione sits between his defense attorneys Karen Friedman Agnifilo and her husband Marc Agnifilo during his federal court hearing in New York City, New York, U.S., December 19, 2024. REUTERS