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English Banking Litigation: Top 10 Cases of 2018
January 29, 2019, Covington Alert
Welcome to our round up of what we consider to be the top 10 judgments of the English Court in banking and financial markets litigation in 2018.
March 2021
In this series of audio updates, our London disputes team of lawyers and invited guests will be exploring key developments and hot topics in English dispute resolution. Email Catherine Karia, at ckaria@cov.com, for further details or contact any member of our London team using the links below. Episode 1: Witness Memory and Evidence (March 2021) In this episode, ...
March 9, 2021, Covington Alert
In prior English LIBOR cases, claimants have alleged that banks proposing financing products indexed to LIBOR or EURIBOR made representations (typically, implied representations) to the effect that they were not manipulating, and did not intend to manipulate, those rates.[1] Misrepresentation claims of this sort have been a feature of the English litigation ...
English Competition Appeals Tribunal to Reconsider £14 Billion Class Action Against MasterCard
May 13, 2019, Covington Alert
England’s Court of Appeal has decided that the Competition Appeals Tribunal (the "CAT") erred in rejecting certification of former financial ombudsman Walter Merricks’ class action against MasterCard, for £14 billion. As a result, the CAT will now reconsider whether to certify the class.