“Thousands of depositors who held more than £800 million in offshore accounts with Kaupthing Singer & Friedlander, the failed Icelandic-owned bank, are preparing to take legal action to get their money back.”
The Times, 24th October 2008
Source: www.timesonline.co.uk
“Nationalised lender Northern Rock said today that no legal action would be taken against former directors at the centre of the group’s collapse last year.”
The Independent, 14th October 2008
Source: www.independent.co.uk
“Our correspondent examines the changing role that confronts the Office of Fair Trading.”
The Times, 30th September 2008
Source: www.timesonline.co.uk
“Savers will be guaranteed that at least £50,000 of their money will be repaid if their bank collapses, under plans to be unveiled by the Government.”
Daily Telegraph, 1st October 2008
Source: www.telegraph.co.uk
“Bankers could sue their employers if their bonuses are cut in the aftermath of the financial meltdown of the past 10 days, according to one employment law expert who said City workers have a ‘significant expectation’ of large bonuses.”
OUT-LAW.com, 24th September 2008
Source: www.out-law.com
“The collapse of Lehman Brothers in an already struggling world economy will trigger an explosion of ‘mega litigation’ according to the former Lord Chancellor, Lord Falconer of Thoroton.”
The Times, 18th September 2008
Source: www.timesonline.co.uk
“Morgan Stanley is facing a €12 million (£9 million) legal action after turmoil in credit markets forced the investment bank to abandon plans to enter the Irish mortgage market.”
The Times, 19th August 2008
Source: www.timesonline.co.uk
“Banks will not have to consider giving refunds to customers who complain about unauthorised charges for at least six months, the City watchdog said today.”
The Guardian, 21st July 2008
Source: www.guardian.co.uk
“The Office of Fair Trading (OFT) today threatened to report banks to the Competition Commission after finding that the current account market did not offer good value for customers.”
The Times, 16th July 2008
Source: www.timesonline.co.uk
“The Swiss bank has been told by the High Court that it must defend itself against a £100m lawsuit in the US, not in London.”
The Times, 8th July 2008
Source: www.timesonline.co.uk
“A bank clerk who tried to steal almost £72m from the HSBC bank has been jailed for nine years.”
BBC News, 7th July 2008
Source: www.bbc.co.uk
Lancore Services Ltd v Barclays Bank plc [2008] EWHC 1264 (Ch); [2008] WLR (D) 214
“The implication of a temporal limitation upon the right of a merchant acquirer to withhold payment to a merchant for goods and services provided by a third party was not permissible and would go far beyond any acceptable process of implication or construction.”
WLR Daily, 1st July 2008
Source: www.lawreports.co.uk
Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.
“Northern Rock has confirmed that its new bosses have launched an investigation into whether legal action can be taken against the now-nationalised bank’s former board.”
The Times, 18th June 2008
Source: www.timesonline.co.uk
“The Government has called for an early hearing of the court case in which Northern Rock shareholders are suing the Treasury over the nationalisation of the bank, The Times has learnt.”
The Times, 7th June 2008
Source: www.timesonline.co.uk
“Banks that have sold payment protection insurance (PPI) could face a wave of compensation claims after the Competition Commission said that 14 million consumers had been overcharged by an estimated £1.4 billion, or an average of £100 a year.”
The Times, 6th June 2008
Source: www.timesonline.co.uk
“Barclays is using controversial American anti-terrorism laws to shut down the personal bank accounts of British citizens who are working for Iranian-owned businesses …”
The Times, 6th June 2008
source: www.timesonline.co.uk
“The Office of Fair Trading conducted a series of dawn raids at offices of Barclays and Royal Bank of Scotland (RBS) as part of an investigation into price-fixing on loans to lawyers and accountancy firms.”
The Times, 3rd June 2008
Source: www.timesonline.co.uk
“Current account providers are to appeal a court ruling over overdraft charges that looked set to allow consumers to reclaim billions of pounds, it was reported today.”
The Guardian, 21st May 2008
Source: www.guardian.co.uk
“The banking reform bill announced by Gordon Brown today (14 May) was prompted by the collapse of Northern Rock, which exposed significant problems with the current system.”
The Guardian, 14th May 2008
Source: www.guardian.co.uk
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