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Customer Beware: UK Supreme Court Clarifies Banks' Duties in respect of Fraudulent Payments | Morrison & Foerster LLP - Vimarsana News

Customer Beware: UK Supreme Court Clarifies Banks' Duties in respect of Fraudulent Payments | Morrison & Foerster LLP

In the much-anticipated decision of Philipp v Barclays Bank UK PLC [2023] UKSC 25 (the “Decision”), the UK Supreme Court (the “Court”) rejected the contention that Barclays Bank UK Plc...

UK Supreme Court Clarifies the Scope of the Quincecare Duty | Latham & Watkins LLP - Vimarsana News

UK Supreme Court Clarifies the Scope of the Quincecare Duty | Latham & Watkins LLP

The Court held that banks do not owe this duty to customers deceived into instructing their banks to transfer money to fraudsters. On 12 July 2023, the UK Supreme Court...

Barclays wins appeal over bank transfer fraud ruling - Vimarsana News

Barclays wins appeal over bank transfer fraud ruling

The Supreme Court said it was not the bank's responsibility to 'concern itself with the wisdom or risks of its customer's payment decisions'.

Barclays Wins UK Supreme Court Appeal Over Push Payment Fraud - Vimarsana News

Barclays Wins UK Supreme Court Appeal Over Push Payment Fraud

Barclays on Wednesday won a UK Supreme Court appeal that turned on the extent of banks' duties to protect customers from fraudsters, in a closely watched

Barclays wins UK Supreme Court case over push payment fraud - Vimarsana News

Barclays wins UK Supreme Court case over push payment fraud

Barclays on Wednesday won a closely-watched appeal at the United Kingdom's Supreme Court over banks' duties to their customers to prevent them being defrauded. The British bank was sued...