Banking Litigation Notes

High Court considers entitlement of investment firm to terminate Bitcoin trading account due to alleged money laundering concerns

The High Court has found in favour of a claimant investor in a dispute arising from the termination of her Bitcoin trading account with an online trading …

High Court provides further insights on the risks of Quincecare claims against banks

High Court strikes out “paradigm” claim for reflective loss in the context of allegedly negligent advice on an IPO

Supreme Court ruling in Merricks: some important clarifications but a number of unresolved issues

On 11 December 2020 the Supreme Court handed down a very significant judgment relating to the certification of a £14bn opt-out competition …

FSR Outlook 2021: Paving the Way Forward

Our Financial Services Regulatory team have announced the launch of FSR Outlook 2021: Paving the Way Forward. In this annual publication, the …

High Court considers First Tower judgment in the context of no-advice clauses and confirms UCTA does not apply

Class Actions in Italy: a second wave of reform

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

BANKING LITIGATION PODCAST EPISODE 23: MONTHLY UPDATE – DECEMBER 2020 (CHRISTMAS SPECIAL!)

Shaping the boundaries of collective redress in Germany - a glimpse of the future under an EU representative action regime?

A recent judgment handed down by Germany's highest civil court will be of interest to financial institutions concerned about so-called class action …

High Court dismisses unconscionable bargain and lawful act economic duress defences raised in context of lender’s claim

Climate-related disclosures for issuers: next steps from UK financial regulators outlined

This month, there have been some significant regulatory announcements in relation to climate-related disclosures. These announcements are a result of the …

High Court finds no breach of duty by bank in exercise of enforcement rights under finance agreements

The High Court has granted a claim brought by a bank against two companies (and the managing director of one of them) to recover outstanding sums due …