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Government removes class action provisions from Financial Services Act
- Herbert Smith Freehills LLP
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- United Kingdom
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- April 13 2010
The Financial Services Act 2010 has now received Royal Assent, after receiving expedited passage through Parliament in the "wash-up" procedure before the general election
Springwell a source of relief for financial institutions
- Herbert Smith Freehills LLP
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- United Kingdom
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- November 4 2010
The Court of Appeal's decision earlier this week in Springwell v JP Morgan Chase Bank and ors 2010 EWCA Civ 1221 is the latest in a series of English judgments which have seen sophisticated investors struggle to make good damages claims against financial institutions in relation to poorly performing investments
