Banking & Financial Services

Shail Patel and Will Harman acted for the successful claimants in the first substantive limitation decision under section 90A FSMA. The court’s judgment will have a significant impact on securities litigation in this jurisdiction and applications for summary dismissal on limitation grounds in fraud claims more generally. The entire judgment can be found here.

Performance Bonds and the Qatar Financial Centre: Judgment in the QFC Civil and Commercial Court. Paul Fisher acted for the successful joint venture claimants in the court’s first remote hearing.

Click here to read the judgment. 

On 10 May 2022, Mr Justice Miles handed down the first substantive decision on the meaning of a “person discharging managerial responsibilities” (“PDMR”) under section 90A and Schedule 10A of the Financial Services and Markets Act 2000 (“FSMA”). In this case note, Will Harman summarises the Court’s judgment and identifies further potential battlegrounds in this developing area of law. Shail Patel of 4 New Square Chambers acted for the successful respondents.

Banking & Finance analysis: Guarantees executed, but unenforceable, as deeds may take effect as simple contracts where supported by sufficient consideration. Written by Ben Archer, barrister, at 4 New Square Chambers. Click here to read the article on LexisNexis.