Bought a car in the past ten years? Secret commission on motor finance has been in the headlines recently, with a major case pending in the Supreme Court in April. Writing in this week’s NLJ, Henry Warwick KC and Douglas Maxwell, Henderson Chambers, analyse the Court of Appeal ruling in Johnson v FirstRand Bank Ltd, which opened the can of worms.
Warwick and Maxwell discuss the potential impacts of the decision, depending on the result. They explain why, and in what way, it ‘has the potential to be one of the most important appeals in 2025 for practitioners, consumers, industry, and government’. They write: ‘The outcome is likely to impact millions of consumers, and may cost or save the motor finance industry billions.’
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