Banking Litigation Notes

Qadir v Barclays: High Court gives helpful guidance on limitation periods in IRHP mis-selling litigation

Following a series of decisions considering similar issues, the High Court has again granted a bank's application to strike out an interest rate hedging …

CGL Group v RBS: No Suremime-type duty of care owed directly to customer in connection with past business review

Six months after the High Court's surprising judgment in Suremime Limited v Barclays Bank plc [2015] EWHC 2277 (QB), the recent decision …

Deutsche Bank v Unitech: Borrowers seeking rescission for alleged LIBOR manipulation must be prepared to pay the full loan amount outstanding before trial

The Court of Appeal’s recent judgment in Deutsche Bank AG v Unitech Ltd [2016] EWCA Civ 119 will be welcomed by lenders seeking to recover …

Suresh Sivagnanam v Barclays Bank: High Court limits shareholders seeking a second bite of the cherry in IRHP mis-selling cases

Property Alliance Group v RBS transferred to the financial list: top tips for parties wishing to successfully transfer proceedings

The recent decision in Property Alliance Group Limited v Royal Bank of Scotland plc [2016] EWHC 207 (Ch) provides helpful early guidance …

Thornbridge Limited v Barclays Bank: Confirmation of the court's current approach to IRHP mis-selling claims is good news for financial institutions

The latest in a recent line of judgments on interest rate hedging product ("IRHP") mis-selling, Thornbridge Limited v Barclays Bank plc [2015] …

RBS's claim to privilege upheld in latest court battle with Property Alliance Group

In a decision handed down earlier today, the High Court has upheld RBS's claim to privilege over certain documents which the bank had been ordered to …

FCA past business reviews: what duties, if any, do financial institutions owe directly to customers? High Court finds no contractual obligations, but tortious duties are arguable

The recent and somewhat surprising decision of the High Court in Suremime Limited v Barclays Bank plc [2015] EWHC 2277 (QB) is important …

Marshall v Barclays Bank plc: High court strikes out claim for mis-selling of an interest rate hedging product on the basis of a pre-existing settlement agreement

Gary Ronald Marshall v Barclays Bank plc [2015] EWHC 2000 (QB) concerns an application by Barclays Bank plc ("Barclays") to strike out or obtain …

High Court refuses to strike out claim for negligent sale of interest rate hedging product on basis of limitation defence

The High Court has refused to grant an application to strike out a claim relating to the alleged negligent sale of an interest rate hedging product. The …

Supreme Court refuses permission to appeal in two mis-selling claims

The Supreme Court has refused permission to appeal from two recent Court of Appeal judgments involving high-profile mis-selling claims against …

Court of Appeal allows LIBOR claims to proceed

The Court of Appeal has allowed parties to two claims against LIBOR panel banks to amend their pleadings to include allegations that the banks made …