As you were: Supreme Court overturns Court of Appeal decision on broader application of Quincecare

Yesterday, the Supreme Court (SC) handed down judgment in Philipp v Barclays Bank UK Plc [2023] UKSC 25. In summary, the SC found that banks do not owe a duty to refrain from executing customers’ direct payment instructions where there may be an attempt to defraud the customer.

Filed under:
United Kingdom, Banking, Insolvency & Restructuring, Litigation, Macfarlanes LLP, Financial Conduct Authority (UK), Barclays, UK Supreme Court
Authors:
Lorna Emson , Nikolas Ireland , James Reid
Location:
United Kingdom
Firm:
Macfarlanes LLP