Banks off the hook over payment fraud as Barclays wins Supreme Court case
Banks cannot be held responsible for fraudulent payments that are authorised by customers themselves, the Supreme Court has ruled.
Source: yahoo.com
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Philipp v Barclays Bank - Supreme Court judgment finds payment service providers are not liable to reimburse victims of 'APP' fraud
On Wednesday, 12 July 2023, the Supreme Court handed down its decision in Fiona Philipp v Barclays Bank UK Plc. In what is a blow to consumers and a…
Source: lexology.com
Sponsored briefing: The Quincecare duty: when shouldn't you follow instructions?
Stephenson Harwood considers the current scope of the Quincecare duty and some of the practical issues of which banks need to be aware following the latest
Source: legalbusiness.co.uk
Sponsored briefing: RPC interview series - Dan Wyatt and Chris Ross
What are the major trends in civil fraud in 2022? Dan: Crypto asset disputes are massively on the rise. I don't think I've been involved in a sector, or ty
Source: legalbusiness.co.uk
In Philipp v Barclays Bank UK PLC, the Court of Appeal held that the Quincecare duty may apply to direct customer instructions (not just those through an agent), such that banks may be...
Source: jdsupra.com