Mr Robbie Constance

Robbie Constance

Updates

Litigation

High Court sheds light on compulsory jurisdiction of Financial Ombudsman Service
United Kingdom | 11 July 2017

A recent High Court decision has provided some clarification of the scope of the compulsory jurisdiction of the Financial Ombudsman Service. The decision has left the scope of that jurisdiction open to discussion and appears to suggest that the courts will take a more mechanical approach to reviewing regulatory decisions.

Limiting investment advice duties: Worthing v Lloyds Bank plc
United Kingdom | 03 November 2015

The recent High Court decision in Worthing v Lloyds Bank plc considered an allegation of negligence in the provision of investment advice. The decision provides welcome clarification of the duties of financial institutions when providing regulated investment advice under the Financial Services and Markets Act 2000.