LIBOR Transition – The Documentary Challenge for Corporates (ACT webinar)

The Association of British Treasurers (ACT) recently held a webinar focusing on the documentary challenges for corporates arising from the discontinuation of LIBOR. Our partners Harry Edwards (Disputes) and Nick May (Finance) joined the panel. The session considered the key legal challenges and pitfalls that corporate treasurers need to be aware of, how legal advisers … Read more

The Financial Services Duty of Care Bill

On 29 October Lord Sharkey introduced a Private Members’ Bill into the House of Lords, which proposed amending the Financial Services and Markets Act 2000 (“FSMA”) to empower the FCA to introduce a duty of care owed by authorised persons to consumers in carrying out regulated activities under FSMA (the “Bill”). The Bill proposed that … Read more

First securities class action judgment in Australia

The Australian Federal Court has recently handed down judgment in the first securities class action in Australia to reach trial: TPT Patrol Pty Ltd as trustee for Amies Superannuation Fund v Myer Holdings Limited [2019] FCA 1747. The decision is likely to be of interest from a UK securities litigation perspective. A briefing paper setting … Read more


Earlier this month, we launched a brand new podcast channel. Our latest monthly update podcast is now live on that channel. In the podcast, we look at key recent judgments likely to be of interest to financial institutions. Also listen on Apple or Spotify. You can subscribe to the podcast channel here to listen to our regular bite-sized … Read more

Biannual Banking Litigation Update: April 2019 – October 2019

Welcome to our latest Banking Litigation Update, in which we highlight a number of the most important cases and developments affecting UK financial institutions over the past six months. During this period, there have been a considerable number of judgments relating to the contractual interpretation of financial services agreements. While the legal principles of contractual … Read more