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The Supreme Court has denied lenders a claim for equitable compensation for a solicitors’ breach of trust that exceeds that of the actual loss caused.
The banking litigation team has been named Law Firm of the Year by Mortgage Finance Gazette in recognition of its investment in its specialist legal expertise.
The CMA is to make a ‘Phase 2’ market investigation reference in relation to the supply of retail banking services to personal current account customers and SMEs.
This is a cautionary tale for lenders to take care that their rights under an ‘all monies’ clause are not lost when enforcement action is taken against individual security in separate actions.
Mis-selling of interest rate swaps download
The drop in interest rates that accompanied the downturn in 2008 left many borrowers confronted with much higher-than-expected payments to lenders.
The Irish Supreme Court has ruled that a letter of demand that overstates the amount due from the borrower, is nonetheless a valid letter of demand.
The Supreme Court has published its final decision in the North East Property Buyers litigation that has provided crucial clarity on priority interests in land.
The UK Supreme Court has published its final decision in the North East Property Buyers litigation case, in which Walker Morris represented one of the lenders.
When a court assesses the amount of costs payable by one party in litigation proceedings to another, the costs may be assessed on either a standard basis or an indemnity basis.
Rights of a subrogated creditor download
Subrogation is a remedy allowing a party to step into the shoes of another party assuming the benefit of any rights that second party may have in relation to a liability.
In the latest edition of The Legal 500, Walker Morris has topped the table for the most number of ‘Leading Individuals’ in the region and is ranked as a tier-one firm.
Walker Morris’s Andrew Northage has been shortlisted for the ‘Best Regulatory Lawyer of the Year’ award in the Thomson Reuters 10th Annual Compliance Awards.
Specialist corporate lawyers at Walker Morris have advised Westhouse Securities on the share placing by cloudBuy to raise £4.3m.
A recent High Court case concerned borrowers who had a buy-to-let portfolio with many of the properties mortgaged.
Article 8 of the European Convention of Human Rights (ECHR) provides that everyone has a right to respect for his home.
In the case of McDonald and Others v McDonald, a married couple borrowed money by way of mortgage from a third party in order to acquire premises.
The issue in Aodhcon v Bridgeco was whether a bridging loan company had taken reasonable care to sell the property at the best price reasonably obtainable.
The CMA is consulting on a provisional decision to refer the market for the supply of retail banking services to PCA customers and to SMEs for a phase II market investigation.
The FCA has published the above consultation paper, which sets out its intended approach to the implementation of a price cap for high-cost, short-term credit.
Simon Concannon, international tax adviser at Walker Morris, has warned anyone who receives an accelerated payment of tax notice to act fast.