Tag: duty of care
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Upcoming webinar – Class actions in England and Wales: Shareholder actions – The Lloyds/HBOS litigation
On Monday 9 December (1-2pm UK time), Harry Edwards, Ceri Morgan and Sarah Penfold will deliver a webinar for Herbert Smith …
Supreme Court upholds first successful claim for breach of the so-called "Quincecare" duty of care
COURT OF APPEAL JUDGMENT ON SCOPE AND EXCLUSION OF 'QUINCECARE' DUTY OF CARE
Commercial Court grants summary judgment in favour of defendant bank in FX de-pegging case
Court of Appeal decision in Manchester Building Society v Grant Thornton: clarification of "advice" vs "information" distinction when applying the SAAMCO principle
The Court of Appeal has dismissed the claimant's appeal in Manchester Building Society v Grant Thornton UK LLP [2019] EWCA Civ 40, an important …
Do we need a new duty of care in financial services?
On 17 July 2018, the FCA published a paper on its Approach to Consumers (the Approach), accompanied by a discussion paper DP18/5 (the DP) on …
Supreme Court provides clear guidance on liability to third parties for bankers' references: clarifying the circumstances where banks will be liable for incorrect information
High Court applies SAAMCO principle to find no assumption of responsibility for losses flowing from market forces
The decision of the High Court in Manchester Building Society v Grant Thornton UK LLP [2018] EWHC 963 (Comm) is a useful illustration of …
Action for declaration that bank failed to conduct past business review properly is not arguable
In the context of interest rate hedging product (“IHRP”) mis-selling litigation, the High Court has rejected an application for permission to amend …
Court of Appeal rejects bank's attempt to defeat 'Quincecare' claim with illegality defence
In Singularis Holdings Ltd v Daiwa Capital Markets Europe Ltd [2018] EWCA Civ 84, the Court of Appeal found that the defence of illegality was …
PAG v RBS: Court of Appeal dismisses IRHP mis-selling and LIBOR manipulation claim
The Court of Appeal has dismissed the entirety of the long-awaited appeal in Property Alliance Group v The Royal Bank of Scotland [2018] EWCA …
High Court rejects another interest rate hedging product mis-selling claim: key points of general application
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