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FSMA s 90A: High Court declines to follow Barclays on 'common reliance'; passive investors' and delay claims against Standard Chartered survive strike-out; £1.5bn action to trial October 2026

Published on: 26 March 2025

Published by an LexisNexis Financial Services expert
Legal News
Article summary

Standard Chartered has lost a bid to cut hundreds of millions of pounds out of a UK lawsuit by investors who claim they lost out due to the investment bank’s complicity in bribery and sanctions busting

Hundreds of investment funds seek £1.5bn, saying they suffered losses after the bank minimised the extent of its role in sanctions breaches. In 2019, Standard Chartered paid US$1.1bn to US and UK regulators to settle claims it broke sanctions rules on Iran and elsewhere, which investors say underscores their action...

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