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Financial Services and Markets Act UK Supreme Court United Kingdom

Hogan Lovells

UK: “Duty of retrieval” rejected: why banks do not owe a duty to recover funds lost through APP fraud

Hogan Lovells on

Banking fraud of all types is an ever increasing problem in today’s society, and takes a multitude of forms. On a basic level, frauds can be divided into two types. Unauthorised fraud, where the victim does not provide...more

A&O Shearman

When Push Comes to Shove: U.K. Supreme Court Confirms that Third-Party Push Payment Fraud is not Covered by Quincecare Duty

A&O Shearman on

Authorised push payment (“APP”) fraud allegations involve a third-party bad actor fraudulently inducing a bank customer to give authorised instructions to their bank to make a payment to the third-party (or someone connected...more

Cooley LLP

Blog: UK Supreme Court Decision In Asset Land Investment Plc -V- The FCA: The Meaning Of “Collective Investment Scheme”

Cooley LLP on

The UK’s Supreme Court has handed down its judgment in Asset Land Investment Plc -v- the FCA. The judgment, which upholds the decisions of the lower Courts, is consistent with the FCA’s long-held position on the meaning and...more

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