In Philipp v Barclays Bank UK PLC, the Court of Appeal held that the Quincecare duty may apply to direct customer instructions (not just those through an agent), such that banks may be liable for failing to protect against...more
3/24/2022
/ Appeals ,
Banking Sector ,
Banks ,
Duty of Care ,
Financial Crimes ,
Financial Institutions ,
Fraud ,
International Litigation ,
Policies and Procedures ,
Standard of Care ,
UK
In Singularis Holdings Ltd (In Official Liquidation) v Daiwa Capital Markets Europe Ltd ([2019] UKSC 50), the Supreme Court upheld the first successful claim in negligence by a customer of a financial institution for breach...more
11/6/2019
/ Appeals ,
Banking Sector ,
Breach of Duty ,
Causation ,
Dismissals ,
Duty of Care ,
Financial Crimes ,
Financial Institutions ,
Fraud ,
Investment Banks ,
Investment Management ,
Liquidation ,
Misappropriation ,
Negligence ,
Subsidiaries ,
UK ,
UK Supreme Court