Tuesday 18 January 2022

UK: Supreme Court hearing this week - Stanford International v HSBC

This week, on Wednesday, the UK Supreme Court hears an appeal from Stanford International Bank Ltd v HSBC Bank Plc [2021] EWCA Civ 535, [2021] WLR(D) 214. Proceedings will be broadcast: watch here. The issue before the court, to quote directly from its summary, is this: "Does an insolvent company suffer any loss if payments are made out of its bank accounts which discharge a debt owed by that company in an equivalent amount?"

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