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07 October 2022
Issue: 7997 / Categories: Legal News , Banking , Fraud , Financial services litigation
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NLJ this week: Don’t bank on evading liability for fraud

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You are the victim of fraud—how likely are you to succeed in a claim against your fraudster’s bank? In this week’s NLJ, David McIlroy, barrister at Forum Chambers, and Jon Felce, partner, and Rosie Wild, senior associate, at Cooke, Young & Keidan, address this question.

They look at the scope of the Quincecare duty, consider caselaw on banking claims and explain why banks remain vulnerable to claims from fraud victims. Moreover, with fraudsters upping their game and frauds increasing amid difficult economic times, banks should ensure they don’t let their guard down.

McIlroy, Felce & Wild conclude: ‘Financial institutions should not bank on evading liability in fraud cases.’ 

Read the article in full here

MOVERS & SHAKERS

Switalskis—five appointments

Switalskis—five appointments

Firm expands national abuse compensation team

Mathys & Squire—nine promotions

Mathys & Squire—nine promotions

IP firm announces new partners and senior promotions across UK offices

Carey Olsen—five promotions

Carey Olsen—five promotions

Carey Olsen promotes five lawyers to the partnership

NEWS
Executors may be overlooking billions of pounds in estate assets hidden in forgotten investments and misplaced share certificates
Britain’s booming non-surgical cosmetics market is operating in what some critics describe as a regulatory ‘Wild West’
Family contact disputes are becoming an increasingly prominent feature of Court of Protection litigation
Material obtained through US discovery applications may have a much longer legal life than many litigants realise
English courts are developing a distinctly practical approach to sanctions disputes arising from Russia’s invasion of Ukraine
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