References: [2012] EWHC B4 (Mercantile)
Links: Bailii
Coram: Simon Brown QC
The claimant provided facilities for trading in financial derivatives, and had acted for the defendants. It now sought to recover substantial losses incurred on their accounts. The defendants denied that the sums were payable, on the basis that the claimant had not obtained the necessary client agreements required by the claimant’s regulator.