LLR: Insurance & Reinsurance Plus

John Lockey KC; Professor Robert Merkin KC

Document

CLARK AND ANOTHER v IN FOCUS ASSET MANAGEMENT & TAX SOLUTIONS LTD FINANCIAL OMBUDSMAN SERVICE (INTERVENING)

[2014] Lloyd's Rep IR Plus 21

COURT OF APPEAL

Before Lady Justice Arden, Lady Justice Black and Lord Justice Davis

Financial Ombudsman Service - Award made up to statutory maximum - Ombudsman recommending payment above statutory maximum - Whether applicant able to sue for amount recommended - Res judicata - Cause of action estoppel - Financial Services and Markets Act 2000, Part XVI.

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