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UK Supreme Court upholds first successful claim for breach of the "Quincecare" duty financial institutions owe their customers
In Singularis Holdings Ltd (In Official Liquidation) v Daiwa Capital Markets Europe Ltd ([2019] UKSC 50), the Supreme Court upheld the first successful claim in negligence by a customer of a financial institution for breach of the so-called Quincecare duty of care, in relation to payment instructions given where the…
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