July 13, 2020

In this article, Jenner & Block Partner Christian Tuddenham examines the Singularis v. Daiwa litigation. In that case, the Supreme Court of the United Kingdom held Daiwa liable for negligently facilitating the misappropriation of funds out of Singularis’s account.  Mr. Tuddenham explores whether the outcome heralds a new era of litigation for banks that find themselves caught up in someone else’s fraudulent activities and what banks can do to protect themselves.