The UK Supreme Court’s recent decision in Philipp v Barclays Bank has pulled back on a possible expansion of banks’ “Quincecare duty”, and provides clarity for banks in an era of increasing (and increasingly sophisticated) bank scams. But the decision also highlights the difficult question of justice for bank depositors who may lose their life savings to such scams. In this podcast, we review the implications of Philipp, and survey what else might be done to deal with payment transfer fraud.
Click the link below to read the article mentioned in this podcast:
