3 results found

A legal analysis examines whether banks should bear liability for losses on pledged items when client orders to liquidate managed investments are not executed before the bank enters resolution proceedings. The fiduciary nature of the managed investment relationship raises critical questions about the bank's duty of care and the timing of order execution in relation to institutional failure.

With more clients inclined to bring negligence claims against their legal advisers, lawyers need to ensure that the terms on which they accept instructions are made clear at the outset.