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Banking and finance litigation: May 2025 England and Wales decisions on DCM listing failures, valuation negligence, forged charges, Building Safety Act limitation, forum non conveniens, marshalling and foreign judgment enforcement

Published on: 04 June 2025

Published by a LexisNexis Banking & Finance expert
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Banking & Finance—May 2025 case round-up

Nationwide Building Society v The Bank of New York Mellon, London Branch and another company [2025] EWHC 1046 (Comm)

Debt capital markets—notes not admitted to listing

Nationwide issued proceedings against its solicitors, A&O Shearman (A&O), claiming an approximate £83m tax detriment flowing from the omission to list notes, as pleaded by Nationwide. A&O, in response, pursued a contribution from BNY Mellon (BNY), contending that BNY contributed to the non-listing. The central point was whether a signing and closing agenda (normally a process checklist) could impose a binding duty on BNY to confirm that the notes were listed. The Commercial Court refused BNY’s application for summary judgment, concluding that A&O’s case had a realistic prospect of success at this stage. It determined that whether the transaction suite, including the agenda, created enforceable commitments required a fuller factual inquiry at trial.

Skykomish Ltd v Gerald Eve LLP [2025] EWHC 1031 (Ch)

Mezzanine financing and profit share—property development—purpose-built student accommodation—valuation of property—professional negligence claim—breach of duty of care—causation

A claim in the High Court concerning professional negligence alleged against a property valuer. It concerned breach of duty of care and causation arising from valuation work...

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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

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