Tom Ogden acted for EFG Private Bank Ltd in a successful strike out application before Mr Justice Miles in the Financial List (Chancery Division). The claim was brought by a former high net worth customer of the Bank who alleged that the Bank had acted in breach of statutory (Mortgage Conduct of Business rules) and common law duties in relation to loans taken out by the customer. The judgment addresses, among other things, the limitation period for claims under s.138D of the Financial Services and Markets Act 2000 and the liability of a bank in relation to loan security valuations carried out by third parties.
Tom was instructed by Charles Russell Speechlys.
A copy of the Judgment (Shokrollah-Babaee v EFG Private Bank Limited [2023] EWHC 3270 (Ch)) is here.
