Supreme Court strikes out £116 million claim for breach of Quincecare duty as claimant held to have suffered no loss

Tom Dane and Kushal Gandhi of CMS report on a helpful decision for banks and other financial institutions, where the Supreme Court denied a claim for breach of the Quincecare duty and provided important guidance as to whether a claimant has suffered recoverable loss as a result of making payments to creditors prior to the claimant’s insolvency.

Read more.