Banking Litigation Episode 36: Monthly Update – September/October 2022

In this edition of our banking litigation podcast, we consider some recent cases that will be most relevant to in-house lawyers at banks and financial institutions. This episode is hosted by John Corrie, a partner in our banking litigation team, who is joined by Ceri Morgan and special guest Elena Kormosh.

You can find links to our blogs on the cases covered in this podcast below:

• High Court considers application of COBS and Braganza duty to close out of trading account
• High Court grants bank access to customer documentation relating to receivables in securitisation transaction
• Court of Appeal upholds summary judgment for rent accrued during Covid closures of commercial premises, rejecting arguments based on implied terms and “failure of basis”
• FCA confirms final rules for new Consumer Duty
• Indemnity costs awarded against party who dismissed complaints about witness statement non-compliance as “nit-picking”
• Russian sovereign debt defaults: a disputes perspective

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Speakers: John Corrie (Partner), Ceri Morgan (Professional Support Consultant), Elena Kormosh (Senior Associate)