Ian Mcdonald

May 3, 2024 | mondaq.com | Ian McDonald |Ian Mcdonald |Airlie Goodman |Miles Robinson

2024 is shaping up to be another significant year for the UK's burgeoning class/collective action regimes. New developments in several areas means that businesses need to have an understanding of their exposure across collective proceedings orders (CPOs) and umbrella proceedings orders in the Competition Appeal Tribunal (CAT), to group litigation orders (GLOs) and representative actions in the High Court.

Sep 29, 2023 | mondaq.com | Cail Wyn Evans |Alex Dell |Mark A. Prinsley |Ian McDonald |Ian Mcdonald

Summary The International Monetary Fund's recent Report on the adoption of GenAI in the financial services industry provides a timely insight into the key risks that industry participants may face when interacting with GenAI. The Report concludes that GenAI technology has "great promise" in the financial sector, but that risks intrinsic to GenAI could damage the reputation and soundness of the sector.

Sep 27, 2023 | lexology.com | Cail Wyn Evans |Mark A. Prinsley |Ian McDonald |Ian Mcdonald |Chris Chapman |Oliver Yaros | +2 more

SummaryThe International Monetary Fund's recent Report on the adoption of GenAI in the financial services industry provides a timely insight into the key risks that industry participants may face when interacting with GenAI. The Report concludes that GenAI technology has "great promise" in the financial sector, but that risks intrinsic to GenAI could damage the reputation and soundness of the sector.

Jul 26, 2023 | mondaq.com | Chris Chapman |Ian McDonald |Ian Mcdonald |Stephen Moi |Lauren Theodoulou

In a keenly awaited decision, the Supreme Court has unanimously allowed the appeal in Philipp v Barclays Bank UK PLC1 and provided important clarity on the scope of the Quincecare duty owed by banks to their customers. The Quincecare duty is derived from the decision in Barclays Bank plc v Quincecare Ltd2(the "Quincecare Case").

Jul 24, 2023 | lexology.com | Chris Chapman |Ian McDonald |Ian Mcdonald |Stephen Moi |Lauren Theodoulou

In a keenly awaited decision, the Supreme Court has unanimously allowed the appeal in Philipp v Barclays Bank UK PLC1 and provided important clarity on the scope of the Quincecare duty owed by banks to their customers. The Quincecare duty is derived from the decision in Barclays Bank plc v Quincecare Ltd2(the “Quincecare Case”).