No loss in Quincecare duty case where wrongful payment discharges insolvent company's debt: the Supreme Court's decision in Stanford International Bank v HSBC

A majority of the Supreme Court recently held that an insolvent company does not suffer any recoverable loss if payments are made from its bank accounts that discharge a debt owed by that company.  This decision adds to the growing case law on the Quincecare duty.

The claim against HSBC

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Travers Smith LLP, HSBC, Court of Appeal (UK), UK Supreme Court
Authors:
Rosie Kós
Location:
United Kingdom
Firm:
Travers Smith LLP