A version of this article first appeared in Butterworths Journal of International Banking and Financial Law in June 2025.
In the case of IDBI Bank Limited v Axcel Sunshine Limited & Ors the English High Court held that,...more
Ever since the Supreme Court held, in Philipp v Barclays Bank plc1(Philipp), that claims based on the Quincecare duty against the payment services provider (PSP) which paid the funds away were not open to victims of...more
Cases on Material Adverse Effect (“MAE”) clauses (also known as Material Adverse Change, or MAC, clauses) rarely come before the English courts, so there are limited English authorities on their construction. The High Court...more