The following Financial Services Q&A provides comprehensive and up to date legal information covering:
We refer you to Practice Note: Confidentiality—a guide for in-house banking and finance lawyers which summarily sets out the law on bankers’ duties of confidentiality at common law as well as other considerations that banks should take into account when dealing with confidential information.
In relation to personal information, banks are required to provide a privacy notice for the GDPR setting out how the bank might use a customer’s personal information. For further information on the GDPR, see
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What are OFTOs?Offshore Transmission Owners (OFTOs) are the owners of offshore transmission assets which connect offshore wind farms to the onshore electricity network. The transmission assets comprise everything between the offshore point of connection with the generating wind farm assets and the
When is quantum meruit and quantum valebat relevant?Claims in quantum meruit (value of services) and quantum valebat (value of goods) arise in diverse situations ranging from where contractual terms are silent on issues of payment to where there is no contract at all (Serck v Drake & Scull).General
Involuntary manslaughter—introductionManslaughter can be classified as either voluntary or involuntary. Voluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element—hence the label voluntary manslaughter) but which are reduced to
Disposal and devolutionThe equity of redemption arises as soon as the mortgage is made. It is an interest in the land which the mortgagor can:•transfer, lease or mortgage inter vivos, or•by will (it passes on intestacy)No cloggingIt is a fundamental principle of a mortgage that there must be no clog
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