Introduction At 12.00pm on 10 December 2019, Sir Ross Cranston delivered his eagerly anticipated report into the heavily criticised “Customer Review” that was established by Lloyds Banking Group (“LBG”) in the wake of HBOS criminal fraud scandal to deliver “fair” compensation to victims and which was overseen by Professor Russel Griggs, OBE (the “HBOS Customer…
Vneshprombank LLC v Georgy Bedzhamov and others [2019] EWCA Civ 1992 In the recent case of Vneshprombank LLC v Georgy Bedzhamov and others [2019] EWCA Civ 1992, the Court of Appeal has given welcome guidance on what amounts to “ordinary” in the context of the “ordinary living expenses” exception in a standard, non-proprietary, pre-judgment, freezing…
Cranston Review – Update: Sir Ross Cranston has signalled that he is now close to delivering his eagerly-awaited assurance review of the much-maligned “HBOS Reading Customer Review”, previously conducted by Lloyds Banking Group (“LBG”) under the oversight of Professor Russel Griggs (the “Griggs Review”). The Griggs Review, which closed on 7 May 2019, was heavily…