Financial services litigation

Banks have new duties to protect consumers —so why can’t consumers sue for breach, ask Michael Brown & Harriet Campbell

More legal duties are set to be imposed on financial institutions in 2024. In this week’s NLJ, Michael Brown, partner, and Harriet Campbell, senior knowledge lawyer, Penningtons Manches Cooper, provide an overview of the new duties, including the Consumer Duty and the reimbursement rules, and consider the future of financial disputes

A recent case offers hope for victims of APP fraud. Jon Felce & Rosie Wild explain the ruling and its ramifications

A recent decision (although subject to appeal) offers hope for victims of authorised push payment (APP) fraud

The EU’s rules on foreign investment are changing: Miguel Vaz & Ben Groden set out the practical steps companies must now take to comply

The much-anticipated ruling of the Supreme Court in Philipp v Barclays Bank, which overturned the Court of Appeal’s decision, is discussed from the perspective of consumer safeguarding, in this week’s NLJ. 

The Supreme Court has not rescued consumers who are the victims of APP fraud, but neither has it left them wholly unprotected: Michael Brown, Charlie Shillito & David McIlroy report on the judgment in Philipp v Barclays Bank

The All Party Parliamentary Group (APPG) for Crypto and Digital Assets Group has published a report calling for urgent regulation of the cryptocurrency and digital asset industry in the UK following its official inquiry into the sector.

The government has launched Economic Crime Plan 2—a three-year public-private partnership plan to cut fraud, money laundering and sanctions evasion, tackle kleptocracy and recover more criminal assets.

With the revocation of remaining EU legislation on the horizon, Fred Philpott highlights the challenges & opportunities for consumer credit law