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English Commercial Court gives further clarification on the Quincecare Duty
Briefing
23 June 2022
2 MIN READ
2 AUTHORS
The Commercial Court’s keenly awaited judgment in Federal Republic of Nigeria v JP Morgan Chase, the largest Quincecare claim before the English courts, has clarified the issues to be considered when determining the standard of a reasonable and honest banker under the Quincecare Duty, and highlighted its potential extension to “external” frauds.
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