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Results: 1-10 of 266

Letters of credit: fraud conquers all - if it is fraud
  • RPC
  • United Kingdom
  • February 7 2017

"Letters of Credit: Fraud conquers all" examined the High Court's decision in Petrosaudi Oil Services (Venezuela) Ltd v Novo Banco SA (2016 EWHC


Demand guarantees not subject to doctrine of strict compliance
  • RPC
  • United Kingdom
  • January 31 2017

The High Court recently granted an order to enforce a demand guarantee against a guarantor despite claims that the demand did not comply with the


Letters of credit: fraud conquers all
  • RPC
  • United Kingdom
  • January 24 2017

The principle of autonomy provides for payments to be made under letters of credit, regardless of disputes under the underlying contract. The High


Supreme Court considers the application of SAAMCo to claims against lawyers
  • RPC
  • United Kingdom
  • December 15 2016

The appeal is from the Court of Appeal's decision in Gabriel v Little 2013 EWCA 1513 and is proceeding in the Supreme Court today and tomorrow under


High Court hears claim against Goldman Sachs for undue influence and unconscionable bargains
  • RPC
  • United Kingdom
  • November 15 2016

The High Court has dismissed the Libyan Investment Authority's (LIA) claim against Goldman Sachs International based on two causes of action - undue


High Court considers validity and timing of contractual notices in close-out procedures
  • RPC
  • United Kingdom
  • November 8 2016

In Lehman Brothers International (Europe) (in Administration) v Exxonmobil Financial Services BV(1) the High Court considered a range of issues


Third Party Rights and the SMR and SIMR: the regulators' Achilles' heel?
  • RPC
  • United Kingdom
  • October 26 2016

The FCA has recently gone to the Supreme Court in an attempt to overturn a significant ruling in relation to third party rights. This could have


Intention to be bound: High Court construes commitment letter against equity participant
  • RPC
  • United Kingdom
  • October 25 2016

The High Court has held that the defendant signatory to a commitment letter had intended to be legally bound by that document. In so finding, the


Financial services intermediary exemption - First-tier Tribunal focuses on the substance of the supply in question
  • RPC
  • United Kingdom
  • October 20 2016

On 19 August 2016, the First-tier Tribunal (in Dollar Financial UK Ltd v HMRC) held that electronically-supplied services of a “lead generator”


A new and better approach to claims against financial adivers?
  • RPC
  • United Kingdom
  • October 3 2016

A Judge has found in favour of Coutts in a claim for negligent investment advice for just under £3.3m plus interest. The Judge's findings are of