Thu 30 May 2019
Guarantees and the purview doctrine - An unhelpful encroachment into commercial transactions
It has long been a principle of Scots law that a guarantor (or in proper Scottish legal parlance, a "cautioner") will be discharged from his or her liability under a guarantee (or a "cautionary obligation" in that same parlance) if the underlying contract or arrangement to which the guarantee relates is amended or altered in a material manner without the consent or knowledge of the guarantor.
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FCA Motor Finance Redress Scheme: Implications, risks and likely industry response
The Financial Conduct Authority (FCA) has set out the detail of the long-awaited, industry-wide redress scheme for historic motor finance mis-selling). It is one of the most significant consumer remediation exercises in UK financial services, with profound operational, financial, and legal implications for lenders, investors and consumers.
