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When the Quinces don’t care…

Fraud Intelligence

When the Quinces don’t care…

How far should banks be liable for the frauds of others when their procedures should have alerted them to potential issues? Tecnimont Arabia Limited v NatWest, heard recently before the English High Court and for which judgment is expected in early 2022, may be about to extend the scope of banks' liability even where the victim of the fraud is not their direct customer. Paul Brehony and Simon Fawell of Signature Litigation LLP examine the facts and argument.

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