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Have the Courts Overreached on Motor Finance Commissions?
Summary by lawnews.co.uk
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Have the Courts Overreached on Motor Finance Commissions?
As the UK Supreme Court prepares to deliver its much-anticipated ruling in the cases of Johnson v FirstRand Bank Ltd, Wrench v FirstRand Bank Ltd, and Hopcraft v Close Brothers Ltd, concerns are mounting across the financial sector. Industry commentators, regulators, and insurers have warned that the Court of Appeal’s decision in October 2024, affirming broad fiduciary duties and classifying undisclosed commissions as ‘bribes’, may trigger a wav…
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