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This case concerns a claim by the liquidators of Stanford International Bank against the company’s bank for breach of the “Quinecare” duty for having made payments to certain of the company’s customers (the “early customers”) when the bank was on notice of the fraud, thereby reducing the company’s assets to distribute to its remaining customers.

With growing investor interest in ESG, as well as wider social concerns, the FCA is targeting greater diversity and inclusion for UK listed companies. A recent report from Women on Boards UK finds that only 34% of FTSE ex350 companies have women on their executive leadership teams and only 5% have directors of colour on their executive leadership teams.