Financial Crime Financial Crime

Comment: StanChart suit heralds new UK investor appetite for action over corruption

By Phoebe Seers and Robert Thomason
  • 18 Nov 2021 06:01
  • 18 Nov 2021 06:01
Standard Chartered Bank’s shareholders are deploying a rarely used piece of UK legislation to sue the bank for damages after it allegedly misled them over bribery and sanctions allegations.

If the lawsuit reaches trial, it would be the first claim ever under Section 90a of the Financial Services and Markets Act, or

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