12 Jul 2022

Finance litigation update - July 2022


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:

  • Requests for disclosure from foreign courts: a question of compliance
  • Judging the EU sanctions Blocking Regulation: Bank Melli v Telekom Deutschland
  • Limitation on summary determination: Libyan Investment Authority v Credit Suisse & Ors
  • Choice of law in consumer banking contracts: Bilal Khalifeh v Blom Bank SAL
  • The English courts' approach to foreign law: Cassini v Emerald Pasture and Byers v Saudi National Bank
  • Knowing retention not knowing receipt
  • Key changes to UK sanctions regime - The Economic Crime (Transparency and Enforcement) Act 2022
  • Philipp v Barclays: the careful calibration of the Quincecare duty
  • Contractual termination: Avoiding problems
  • EU sanctions: application of trusts measures outside the private trusts sphere
  • A bank's duty of (Quince)care stops with its customer: RBS v JP SPC 4
  • The meaning of a "person discharging managerial responsibilities" in securities fraud litigation
  • Losing the keys to the (bitcoin) kingdom: Tulip Trading v Bitcoin
  • EU sanctions: tweaking sanctions against trusts
  • UK and EU sanctions: recent developments
  • EU sanctions: European Commission guidance on trusts measures
  • Quincecare: duty, trigger and breach Nigeria v JP Morgan Chase Bank

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