Grgic v Australia and New Zealand Banking Group Limited [No 2]

In *Grgic v Australia and New Zealand Banking Group Limited [No 2]*, the New South Wales Court of Appeal considered a dispute between Mr. Grgic and the Australia and New Zealand Banking Group Limited (ANZ). The core of the disagreement concerned the ANZ's actions in relation to a loan facility provided to Mr. Grgic.

The Court of Appeal was required to determine whether the ANZ had breached its duty of care to Mr. Grgic, specifically in relation to its conduct in managing and ultimately calling up the loan facility. This involved examining whether the bank had acted in good faith and with reasonable care and skill in its dealings with the borrower.

The Court found that the ANZ had not breached its duty of care. It reasoned that the bank was entitled to act in its own commercial interests and that its actions in relation to the loan facility were consistent with its contractual rights and obligations. The Court applied principles of contract law and the law of negligence, concluding that the bank's conduct did not fall below the standard expected of a reasonable banker in the circumstances. The appeal was dismissed.