Fraud is on the rise. And as sums defrauded usually disappear, victims search for an alternative source to recover their losses. Unsurprisingly, the search often identifies banks' resources as a potential first call. ...more
10/13/2023
/ Banking Sector ,
British Virgin Islands ,
Cayman Islands ,
Duty of Care ,
Financial Conduct Authority (FCA) ,
Fraud ,
HSBC ,
Investment Firms ,
Liability ,
Misallocation of Funds ,
National Crime Agency (NCA) ,
Offshore Banks ,
UK Supreme Court ,
United Arab Emirates (UAE)
After much anticipation, the UK Supreme Court has handed down its judgment in BTI 2014 LLC v Sequana S.A. [2022] UKSC 25 - and has authoritatively set the baseline for how directors’ duties evolve as regards shareholders and...more