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Privy Council considers reformulated test for determining scope of duty of care owed by professional advisers

United Kingdom - December 15 2021 In the context of a claim brought by a bank against a valuer, seeking damages in respect of a negligent valuation report for land representing the…

Nic Patmore, Nihar Lovell, Ceri Morgan

Global Bank Review: Stressing out - capturing banks' climate exposures

Global - November 9 2021 Banks are increasingly being pressed to report climate risks to their business. We chart the global drive to gauge the financial industry’s climate…

Hannah Cassidy, Sousan Gorji, Andrew Procter, Valerie Tao

Biannual Banking Litigation Update - Autumn 2021

European Union, United Kingdom - October 19 2021 On 29 April 2021, the Financial Services Act 2021 (FSA 2021) received Royal Assent. The FSA 2021 is a milestone in implementing the UK Government’s…

Chris Bushell, Julian Copeman, John Corrie, Emma Deas, Harry Edwards, Ben Goodman, Damien Byrne Hill, Natasha Johnson, Rupert Lewis, Nihar Lovell, Gary Milner-Moore, Ceri Morgan

HMT reform of prospectus regime: the potential impact on securities litigation

United Kingdom - July 19 2021 HM Treasury (HMT) has published an initial consultation on fundamental reforms promising the biggest shake up of the Prospectus regime since 2005…

Nihar Lovell, Ceri Morgan, Sarah Penfold

Supreme Court clarifies proper approach to SAAMCO and to determining scope of duty of care owed by professional advisers

United Kingdom - June 23 2021 In what is now the leading authority on the application of the decision in South Australia Asset Management Corpn v York Montague Ltd [1997] AC 191…

Nihar Lovell, Ceri Morgan