Finance litigation update - June 2020

In this issue: 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: Implied terms, relational contracts and good faith: Taqa Bratani & Ors v Rockrose 2 OFSI sharpens its teeth 4 Guaranteeing performance: Yuanda v Multiplex & Anor 6 Notice Clauses in Finance Contracts: Alfred Street v NAMA & Ors 8 When is talking to your lawyer not a privilege? CAA v Jet2 and RBI v ACE & Ashurst 10 Enforcement in the asset management context: what is the relevant asset and who does it belong to? 13 Advising on alternatives to LIBOR: the risks in going risk-free 17 We are pleased to announce the launch of our new finance litigation hub, which includes all of our articles. Please click here to access this. Finance Litigation Update – June 2020