A matter of great importance and relevance to individuals and
entities working in the regulated sector in Jersey, Verga v Nedbank
shows that if regulated businesses comply with their duties then
the law will protect them.
In Verga v Nedbank, Mr V. claimed that the bank defamed or
otherwise wronged him in the course of reporting various matters to
the Police. The Police then initiated an investigation which
resulted in criminal proceedings being brought in which Mr. V was
ultimately found not guilty.
The Royal Court struck out Mr V.'s claims on the basis that
the bank could claim immunity from suit and also that the claim was
time barred.
This is a case of real importance and relevance to all
individuals and entities working in the regulated sector in Jersey.
It shows that if regulated businesses comply with their duties,
then the law will protect them.
