Our Top 5 Banking Litigation Cases From 2024

2024 was a busy year for the Courts in England and Wales when it came to banking and wider financial services disputes. We were spoilt for choice when selecting our top 5 cases and, inevitably, have left out some significant decisions. We have, however, focused on those cases that resonate with key themes that we expect to continue into 2025. One of the themes evident from these and other decisions last year is the commercial and pragmatic approach of the Court. In 2024, this included addressing the end of LIBOR using sensible implied terms, enforcing parties' dispute resolution clauses through anti-suit injunctions, and giving leeway to banks that are forced to take a prudent approach to sanctions compliance. We also saw an increasingly consumer-centric approach in line with wider government and regulatory policy, where the Court confirmed the FCA's wide-ranging power to impose redress schemes and upheld duties owed to consumers arising from discretionary commission