The hunt for redress: mortgage prisoners and potential implications for financial institutions and their insurers
UK & Europe
Insurance & Reinsurance
In the first episode of our podcast series exploring topical issues within the dynamically evolving Financial Institutions and D&O landscape, we discuss Derivative Actions, and in particular the High Court’s decision in Hughes v Burley.
In this podcast, Associate Alice Hodgson interviews James Cooper, chair of the Global Insurance Practice Group and head of the Financial Institutions and Directors & Officers team on Derivative Actions, and in particular the High Court’s decision in Hughes v Burley where a Claimant was refused permission to continue a derivative action. Although unsuccessful, the case provides welcome guidance on the court’s approach and interpretation of the applicable legislative provisions under this part of the law.