Banking Litigation Notes

BoE confirms daily publication of SONIA compounded index from August 2020: impact on new vs legacy cash products

The latest development in the Bank of England's (BoE) attempts to support the adoption of SONIA in cash products - and to speed up the transition away …

Our new publication: COVID-19 Contract Disputes Guide

Herbert Smith Freehills contributes chapter to The Securities Litigation Review (6th Edition)

Herbert Smith Freehills have contributed the England and Wales chapter of The Securities Litigation Review. Now in its sixth edition, The Securities …

High Court gives guidance on availability of summary judgment and frustration in contractual disputes

Privilege in the context of regulatory investigations: latest guidance from the High Court

High Court takes expansive view of when reference to legal advice may result in broader waiver

The High Court has held that a bank waived privilege in all contemporaneous communications with its lawyers relating to particular transactions that were …

Litigation funder fails in attempt to obtain trading data from the London Stock Exchange

Proposed insolvency reforms: impact on secured and unsecured bank debt

The new Corporate Insolvency and Governance Bill, currently expected to be enacted in mid-June 2020, is likely significantly to impact secured …

UK Tough Legacy Taskforce recommends LIBOR legislative fix: key risks and next steps

BANKING LITIGATION PODCAST EPISODE 17: MONTHLY UPDATE – MAY 2020

High Court refuses to set aside or vary disclosure order despite risk of foreign criminal or regulatory sanctions

The High Court has refused to set aside or vary an order for standard disclosure where a defendant bank maintained that production of documents would …

ISDA releases report explaining final results of LIBOR consultation on pre-cessation fallbacks: the nuance behind the consensus