This episode is hosted by Christopher Langley and discusses the origins and evolution of the Quincecare duty. Taking part in the conversation are:

  • Rosalind Phelps QC: Ros specialises in large-scale disputes spanning banking, commercial, arbitration, aviation, fraud and professional negligence. Ros is ranked by both Chambers & Partners and The Legal 500 for her work across various areas, including banking. Ros joins the discussion having recently acted for JP Morgan in its high-profile defence of claims brought by the Federal Republic of Nigeria, including in relation to the Quincecare duty, which was the subject of a widely reported High Court Judgment handed down in June 2022.
  • George Hoare: a Partner in Reed Smith’s Global Commercial Disputes Group. George has acted in a number of heavy-duty, high profile and multi-jurisdictional commercial disputes, contentious regulatory investigations and arbitration proceedings. He has worked on some of the most complex cases in the London Commercial Court and has particular expertise in banking disputes. He has also been seconded to two international investment banks in the past and is recognised by The Legal 500 as a leading banking and commercial litigation lawyer.

The episode discusses the origins of the Quincecare duty, covering Barclays v Quincecare Ltd and controversies which have since followed. The speakers also touch upon the scope of the duty and how it has recently been extended following the Court of Appeal’s judgment in Philipp v Barclays. The effect of the duty is also considered within the context of large cases such as SIB v HSBC and the recent judgment in Federal Republic of Nigeria v JP Morgan Chase. The speakers also look at where we might go from here in terms of the future development of the law in this area.

For more information about our banking practice, please see here.

We hope you enjoy the episode.