Tag Archives: mis-selling
Bank win in mis-selling case confirmed by Hong Kong’s highest court
On 17 February 2017, the Hong Kong Court of Final Appeal brought to a close the long-running case of DBS Bank (Hong Kong) Limited v Sit Pan Jit (FAMV 45/2016). The dispute concerned a claim by DBS Bank (Hong Kong) … Continue reading
Hong Kong court rules in favour of investors in mis-selling claim: A departure from the recent trend
Earlier this week, the Hong Kong Court of First Instance handed down its judgment in relation to a mis-selling claim against a bank, ruling in favour of the plaintiff investors. This departs from the trend in respect of post-financial crisis … Continue reading
UK: High Court strikes out claim for mis-selling of an interest rate hedging product on the basis of a pre-existing settlement
In Gary Ronald Marshall v Barclays Bank plc [2015] EWHC 2000 (QB), the bank applied to strike out a claim against it for alleged mis-selling of an interest rate hedging product (or to obtain summary judgment), the basis that the … Continue reading
German Federal Supreme Court: a pro-forma application for conciliation of an insufficiently specified misselling claim will not be effective to suspend limitation
In a landmark decision dated 18 June 2015, the German Federal Supreme Court (Bundesgerichtshof, “BGH”) decided that pro-forma applications for conciliation (Güteverfahren) do not suspend the limitation period for misselling claims if the applications are too generic and do not … Continue reading
Filed under Asset management, Banking, Commercial Litigation, Germany, Insurance, Investment Funds
Hong Kong court’s dismissal of investor’s mis-selling counterclaim: some further thoughts
Further to the brief post we published on the April judgment in DBS Bank (Hong Kong) Limited v Sit Pan Jit (HCA 382/2009), our team in Hong Kong have published some more detailed comments on this most recent of cases upholding the principles … Continue reading
Hong Kong court dismisses investor’s counterclaim against bank for mis-selling of financial products
The Court of First Instance has recently handed down its judgment in DBS Bank (Hong Kong) Limited v Sit Pan Jit (HCA 382/2009), which concerned a claim by DBS Bank (Hong Kong) Limited (DBS) against its former customer, Sit Pan Jit, … Continue reading
Filed under Asia, Asset management, Hong Kong
Appeal relating to alleged misselling of interest rate swaps dismissed
On 9 October 2013, the Court of Appeal handed down its decision in Green & Rowley v Royal Bank of Scotland plc [2013] EWCA Civ 1197, the first interest rate swap mis-selling case to come before the English courts since … Continue reading
Filed under Banking, Retail Banks, UK
UK: Individual fails in large mis-selling claim concerning leveraged investments in structured notes
In a strongly worded judgment, the Commercial Court has dismissed a large mis-selling claim brought by an individual in connection with a number of investments she had made in structured notes on a leveraged basis. The Claimant had sought damages of over … Continue reading
Filed under UK
HK: further success for banks in defending investment mis-selling claims
In a decision which continues the general trend of recent pro-bank judicial rulings on mis-selling cases, the Hong Kong Court of First Instance today handed down its judgment in DBS Bank (Hong Kong Limited) v San-Hot HK Industrial Company Limited … Continue reading
Filed under Asia, Hong Kong, Retail Banks
