The Quincecare duty explained
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The Quincecare duty explained
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A Quincecare claim typically arises where a customer holds a bank account, the bank receives a payment instruction and when the money is paid it transpires a fraud has taken place and the customer’s money is lost. In order to bring a Quincecare claim the claimant needs to establish that there was evidence available to the bank which would give a reasonable and honest banker reasonable grounds (but not necessarily proof) that the payment instruction may be an attempt to misappropriate the customer’s funds.
In the latest episode of the Stewarts Commercial Litigation Podcast, legal directors and podcast hosts Karen Hutchinson and Francesca Berry welcome Head of Insolvency and Asset Recovery Alex Jay to discuss the Quincecare duty.
This podcast is hosted by ZenCast.fm
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