Banking Litigation Notes

Interesting New York court decision provides warning for financial institutions in relation to possible retention by recipients of mistaken payments

On 16 February 2021, Judge Jesse Furman of the United States District Court for the Southern District of New York ruled, in a 105-page decision, that …

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 …

LIBOR Discontinuation: FCA non-representativeness announcement

Operational Resilience: respond, enhance, thrive

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 …

High Court considers distinction between liability for dishonest assistance and knowing receipt in failed claim against bank

Supreme Court judgment in KBR v SFO appeal: detailed briefing published

As reported in our previous blog post, the Supreme Court has handed down judgment in a keenly anticipated case concerning the scope of extraterritorial …

LIBOR transition: What is a "safe harbour" and why does the UK’s legislative toolkit need one?

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

Final EU legislative fix for legacy LIBOR: impact on transition risk for UK entities

Supreme Court rules SFO cannot compel foreign company to produce documents held overseas

Mass litigation in Spain: between joinder of claims and class actions

We are continuing to monitor global trends in class actions that are likely to be of interest to financial institutions, particularly in light of the …