International arbitration lawyers Gautam Bhattacharyya and Philippa Beasley recently authored an article on “Renewed interest in Quincecare duty of care in claims against banks” for Legal Era, a leading Indian media platform.
From recent case law developments and the increase in different types of fraudulent schemes, there is clearly a renewed interest in the Quincecare duty.
Despite the Quincecare duty being recognized as an implied term in the contractual relationship between a bank and its customer, no successful claims against banks for breach of the duty were reported from its establishment 30 years ago until the UK Supreme Court decision in Singularis Holdings Ltd v. Daiwa Capital Markets Europe Ltd (Rev. 1) [2019] UKSC 50.
To read the full article, download the PDF below.