Too Soon to Move On? Supreme Court Changes Limitation in Secret Commission Cases

November 2023
Region: Europe

The Supreme Court has provided important clarification on when “deliberate concealment” or “deliberate commission of a breach of duty” by a defendant will extend the limitation period for bringing claims.

The decision is bad news for financial services firms affected by PPI mis-selling claims and other claims in which firms are accused of making secret commissions on financial products, such as interest rate swaps and other derivatives.