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Government removes class action provisions from Financial Services Act

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • 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
  • -
  • United Kingdom
  • -
  • 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