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.
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