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Reliance revisited: High Court construes statutory requirements for UK securities fraud claims

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19 March 2025

4 New Square Chambers’ Shail Patel KC has written an article for The Journal of International Banking and Financial Law considering the decision in Allianz Funds Multi-Strategy Trust v Barclays plc [2024] EWHC 2710 (Ch).

In this case, the High Court struck out claims by investors in Barclays plc by those who did not claim to have read the Bank’s market publications and all claims for dishonest delay. In doing so it made potentially far-reaching findings as to the scope of UK securities legislation.

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Shail Patel KC

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