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20 Dec 2019

Finance litigation update - December 2019


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

  • Equitable set-off and the implied duty of cooperation: AMC III Purple B.V. v Amethyst Radiotherapy Limited
  • POCA up: suspicion sufficient for bank to kiss goodbye to its customer
  • No defence available to nominee shareholder in receipt of unlawful preference
  • Closing bank accounts: courts put banks under pressure
  • What does ‘mandatory law’ really mean? Lamesa v Cynergy
  • Warehouse receipts – Contract, mistake and estoppel
  • Lehman Brothers International (Europe) (In Administration) v Exotix Partners LLP [2019] EWHC 2380 (Ch)
  • A Bank’s Duty of (Quince)care: Federal Republic of Nigeria v JP Morgan Chase
  • Singularis: Quincecare revisited
  • Commercial Court considers the scope and effect of an asymmetric jurisdiction clause
Read more


Edward  Davis

Edward Davis

T:  +44 20 7809 2327 M:  Email Edward | Vcard Office:  London

Sue Millar

Sue Millar

T:  + 44 20 7809 2329 M:  + 44 7825 625 898 Email Sue | Vcard Office:  London