Banking Litigation Notes

COVID-19 market disclosures and managing the associated litigation risks

Court of Appeal confirms claims seeking remediation for damage cannot proceed as representative action under CPR 19.6

Privy Council confirms that the so-called "reflective loss" principle applies to ex-shareholders

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

Court of Appeal provides guidance on the "reflective loss" principle and its interaction with the Contracts (Rights of Third Parties) Act 1999

Court of Appeal clarifies proper approach to assessing damages for fraudulent misrepresentation

CJEU considers issuer liability for prospectuses marketed to both retail and qualified investors

EU Advocate General considers interpretation of Prospectus Directive in relation to an issuer’s liability for a prospectus marketed to both retail and qualified investors

Climate-related disclosures for issuers: further steps towards mandatory requirements?

In November 2020, the UK Joint Government Regulator TCFD Taskforce published its “roadmap towards mandatory climate-related disclosures”, which set out a …

High Court strikes out s.90A FSMA claims for failure to comply with pre-service joinder rules following expiration of arguable limitation period

The High Court has struck out certain of the claims brought against G4S under section 90A Financial Services and Markets Act 2000 (FSMA), in a judgment …

The evolution of Class Actions in South Africa

In an article published on our global class actions hub, Jonathan Ripley-Evans and Fiorella Noriega del Valle of our Johannesburg …

Supreme Court allows appeal in jurisdictional challenge relating to parent company duty of care