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Results: 1-10 of 275

No duty of care owed when conducting a redress procedure
  • RPC
  • United Kingdom
  • August 4 2017

The Court of Appeal has found that banks did not owe a duty of care when conducting a past business review (PBR) of previous sales of interest rate


High Court sheds light on compulsory jurisdiction of Financial Ombudsman Service
  • RPC
  • United Kingdom
  • July 11 2017

The High Court decision in Mazarona Properties Ltd v Financial Ombudsman Service (2017 EWHC 1135 (Admin)) has provided some clarification of the


The meaning of third parties being 'identified' in FCA enforcement notices
  • RPC
  • United Kingdom
  • May 9 2017

The Supreme Court has overturned the decisions of the Upper Tribunal and the Court of Appeal in respect of what it means to be 'identified' in a


Crestsign-like duty to explain imposed on bank - a game changer?
  • RPC
  • United Kingdom
  • May 2 2017

In Thomas v Triodos Bank NV (2017 EWHC 314 (QB)) the High Court found that a defendant bank owed and breached a duty to explain the financial


Supreme Court judgment on SAAMCo
  • RPC
  • United Kingdom
  • March 22 2017

The Supreme Court has affirmed and clarified the principles laid down by Lord Hoffmann in SAAMCo and subsequently in extra-judicial commentary. It


Between a rock and a hard place
  • RPC
  • United Kingdom
  • March 13 2017

In a previous Alert ("Time's up" - limitation for a claim against a valuer), we reported on the decision of HHJ Seymour QC in Toombs v Bridging Loans


Financial litigation roundup - Winter 20162017
  • RPC
  • Hong Kong, Singapore, United Kingdom
  • March 6 2017

This appeal to the Supreme Court was brought by BNY Mellon in its capacity as the trustee under certain Enhanced Capital Notes (ECN) issued by Lloyds


Guidance on the "cardinal rule" for implying terms
  • RPC
  • United Kingdom
  • February 28 2017

In Irish Bank Resolution Corp Ltd (In Special Liquidation) v Camden Market Holdings Corp the Court of Appeal held that a term could not be implied


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