The claimants asked the court to enforce an award made by the Financial services ombudsman in their favour. The defendants said that to the extent that the award was in excess of the statutory limit of andpound;100,000, the award was unenforceable. Whether the award counted as a money award or a direction by the Ombudsman should depend on substance not form.
Judges:
Lewison J
Citations:
[2007] EWHC 1240 (Ch)
Links:
Statutes:
Financial Services and Markets Act 1000 229(2)
Jurisdiction:
England and Wales
Financial Services
Updated: 11 July 2022; Ref: scu.252551