Header image

Finance litigation update - August 2023

Welcome to the latest finance litigation update, in which we summarise some of the most significant cases and other developments relevant to banks and other financial institutions over the last six months or so, as follows:

  • Good faith v discretion: context is king (Sibner v Jarvis Capital) 
  • Is relief from liability a loss? (and other Quincecare questions): Stanford v HSBC
  • When can you terminate a contract for failing to obtain 'confirmed financing'? (Havila v Abarca)
  • States, take note: Law Debenture v Ukraine
  • Re Avanti Communications Limited (in administration) – evolution of the control required for a fixed charge
  • Knowing when you've novated: Musst Holdings v Astra Asset Management
  • Asymmetric jurisdiction clauses: A European conundrum - France's referral to the CJEU
  • ESG and directors' duties - where are we now? (ClientEarth v Shell)
  • Banks, be on inquiry - Quincecare is coming!
  • Quincecare duty is flawed and based on a mistaken premise - Philipp v Barclays

Click here to read more.

Share Article

Related Expertise

Contributors

Carousel Images12
Commercial Litigation

Fiduciary focus: Supreme Court draws the line on loyalty

Find out more
Carousel Images8
Finance Litigation

Beyond the ‘no look through’ principle: Caxton v Essity and the rights of ultimate beneficial owners in noteholder disputes

Find out more
Carousel Images11
Paris

FCA publish a Final Notice in relation to Cypriot CFD firm failing to treat customers fairly

Find out more
Carousel Images1
London

A tale of two cases – liability of Electronic Money Institutions receiving proceeds of APP fraud

Find out more