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
-
Barristers and staff from 3PB’s six national offices joined together today to celebrate the new silk status of Jodie Mittell KC (pictured here outside 3 Paper Buildings in London with her clerks Stuart Pringle and Lee Giles). Liz McGrath KC, Head of Chambers at 3PB, said ‘‘I would like to congratulate Jodie on her well-deserved appointment to Kings Counsel. This is a very special day for Jodie and us, and to be able to come...
Continue reading -
3PB’s Stephen Wildblood KC and Aimee Fox will be speaking at Resolution’s National Conference, taking place on Saturday, 17 May 2025. This conference is an opportunity to connect, collaborate and gain fresh insights into the evolving landscape of family law. Designed by members, for members, this event brings together expert speakers, practical sessions, and invaluable networking opportunities. There will be a choice of 15 workshops covering topics such as navigating toxicity, the importance of neuroscience...
Continue reading -
3PB (3 Paper Buildings) is pleased to announce that Danielle Gotts St. Clair has joined its Property and Regulatory teams and will be based from their Birmingham offices. Danielle has a busy practice in both property and regulatory matters with a strong focus on the cross-over between the two disciplines, from housing (including anti-social behaviour) to police law. She is regularly instructed by local authorities and police services across the Midlands and further afield in...
Continue reading -
3PB (3 Paper Buildings) today welcomed family barrister Shan Parker (call: 2018) who has moved to 3PB from another well-known chambers on the South Coast of England, where she completed her pupillage two years ago. Shan already enjoys a diverse and busy family law practice across the whole of the South and South-West of England, focusing on private law children cases and matrimonial finance disputes as well as care and adoption matters. In the last...
Continue reading
