On 12 July 2023, the UK Supreme Court handed down an important judgment on banks' liability for authorised push payment fraud (APP fraud): Philipp (Respondent) v Barclays Bank UK PLC (Appellant) [2023] UKSC 25. The judgment clarifies the scope of the Quincecare duty under UK law.
Key points
- The UK Supreme Court has taken a narrow view of banks’ duties to protect customers against APP fraud.
- In this note, we consider the implications for the Australian market of the decision and recent regulatory developments in the UK.
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| Read our summary article with insights from our UK team. |
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