Supreme Court restates test for application of SAAMCO principle

On Friday 18 June 2021, the Supreme Court handed down judgment in  Manchester Building Society v. Grant Thorton UK LLP [2021] UKSC 20. The decision restates the test for the application of the principle defined in the 1996 House of Lords decision in Banque Bruxelles Lambert SA v Eagle Star Insurance Co Ltd; South Australia…

High Court finds Barclays deceived Amanda Staveley’s PCP Capital Partners, but awards no damages

In a recent judgment, the High Court (Waksman J) held that a claim for fraudulent misrepresentation by Amanda Staveley’s PCP Capital Partners (“PCP”) against Barclays Bank in relation to its 2008 refinancing was proven.   The judge nevertheless refused any damages because PCP could not show that “serious deceit” by Barclays had caused it any loss.  PCP…

Extra-statutory guidance and its role in relation to the Building Safety scandal – Part 2: Leaseholder Consequences

Guest author Liam Spender is a Solicitor-Advocate and Senior Associate at Velitor Law.  Personally affected by the cladding controversy as a leaseholder, Liam practises in commercial litigation and arbitration in the City of London. This blogpost was originally written for and published on the website of Oxford University’s Faculty of Law, and has been republished…

Extra-statutory guidance and its role in relation to the Building Safety scandal – Part 1: Advice Notes

Guest author Liam Spender is a Solicitor-Advocate and Senior Associate at Velitor Law.  Personally affected by the cladding controversy as a leaseholder, Liam practises in commercial litigation and arbitration in the City of London. This blogpost was originally written for and published on the website of Oxford University’s Faculty of Law, and has been republished…