Commercial update: No banker's duty to advise customer of harsh terms in its loans
6th July 2016
Does a bank who is negotiating with a customer for a sale of a financial product, owe a common law duty to advise the client about an onerous break clause? Tom Webb analyses a recent decision of the Mercantile Court that considers the scope of a banker’s duty (Fitch v. Lloyds TSB Bank plc [2016] EWHC 1236 (QB)).
Tom is a Commercial Law barrister who regularly advises in business disputes.
Related News
-
Leading criminal defence barrister Nick Robinson of 3PB Barristers successfully defended JB in a two-week attempted murder trial at Winchester Crown Court before HHJ Morris The Recorder of Winchester. Mr B was charged with attempted murder following a knife attack in Weymouth in June 2025. Nick’s client stabbed two males in an unprovoked assault. He was charged with attempting to kill one of the males. The prosecution alleged a premeditated attack, relying heavily on compelling...
Continue reading -
3PB's joint Head of Family Finance Amy Beddis will be speaking at Birketts' home ownership disputes seminar and networking event. The seminar, hosted by Birketts' Lucia Mills, will cover TOLATA updates on recent cases, proprietary estoppel and intervenor claims. Amy will be joined on the panel by Alex Troup KC from St John's Chambers and Natasha Dzameh from Selborne Chambers. To find out more, please click here. For more information, please contact Ian Charlton on...
Continue reading -
3PB's specialist commercial, personal and corporate barrister, John Jessup, has written an article titled ‘Sahara Energy Resource Limited V Société Nationale De Raffinage S.A. (Sonara)’. In his article, John examines Sahara’s sale of crude oil to Sonara and the consequences of Sonara’s late payment. He analyses the resulting claims for Incremental Interest and FX Differential and considers whether those claims were governed by the parties’ written agreement known as the Joint Report. John also explores...
Continue reading -
3PB Barristers’ Intellectual Property team is set to host a series of lectures across the country with The Chartered Institute of Trade Mark Attorneys (CITMA). 3PB’s specialist IP barristers Victoria Jones, Nicole Bollard, Faizul Azman and Mark Wilden will join together to discuss topics of importance to trade mark practitioners, including analysing the implications of recent decisions in trademark law, explore the updated UK IPO procedures, and the tactical deployment of infringement remedies. The first session in this roadshow will take...
Continue reading
