Duties of brokers liquidating positions on behalf of clients in state of default

In the current economic climate, brokers will find the decision of the High Court in Euroption Strategic Fund Limited v Skandinaviska Enskilda Banker AB [2012] EWHC 584 (Comm) of considerable interest, since it considers the duties of a broker who … Continue reading

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Filed under FSA Rules, Herbert Smith Freehills, JURISDICTIONS, Negligence, UK

Springwell – a source of relief for financial institutions

The Court of Appeal’s decision earlier this week in Springwell v JP Morgan Chase Bank and ors [2010] EWCA Civ 1221 is the latest in a series of English judgments which have seen sophisticated investors struggle to make good damages … Continue reading

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Filed under Banking, Commercial Litigation, JURISDICTIONS, Negligence, Negligent advice, UK