5th Feb 2024 | News

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3 Hare Court is pleased to feature in two of The Lawyer’s Top 20 Cases for 2024. The Top 20 Cases seeks to identify the most important and ground-breaking legal disputes likely to be heard.

1. All-Party Parliamentary Group on Fair Business Banking v The Financial Conduct Authority, a judicial review claim challenging the Financial Conduct Authority’s refusal to reopen its redress scheme for businesses mis-sold interest-rate-hedging products.

In this case, the All-Party Parliamentary Group on Fair Business Banking, a cross-party group of MPs and peers, is asking the High Court to overturn a decision by the Financial Conduct Authority to take no action in response to the Swift Review, which found that the redress scheme set up to compensate victims who were mis-sold complex and unsuitable financial products had wrongly categorised many victims as too ‘sophisticated’ to be eligible for any redress, thereby leaving numerous small and medium-sized businesses uncompensated for what were often ruinous losses. The case promises to be a significant judicial review for the regulation of the financial services sector.

Thomas Roe KC, instructed by Hausfeld, is leading counsel for the All-Party Parliamentary Group.

2. AerCap and others v AIG and others, a complex insurance dispute over foreign aircraft stuck in Russia. The implementation of sanctions after the invasion of Ukraine meant that aircraft leased to Russia by foreign businesses remained in the Federation. Airplane companies are expected to take on their insurers for the loss of the aircraft across two key dates. The first concerning a jurisdiction application that could affect over 70 different claims, and the second brought by lessors under contingent and possessed policies.

Christopher Loxton is instructed by Fieldfisher for Deep Sky Leasing companies in the first matter concerning a 4-day jurisdiction hearing.

To read the article in full, view it on thelawyer.com (paywalled).


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Please contact us either by telephone: +44 (0)20 7415 7800 or email: clerks@3harecourt.com

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