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On 20 July 2023 Barry White and Andrew Fraiser submitted their report to the Infrastructure and Projects Authority (IPA) summarising their review of “behaviours, relationships and disputes across the PFI sector”.

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.