What happens if a bank or financial services provider has breached its regulatory requirements, but needs to enforce its contractual rights against the customer or counterparty with whom it has a contract.
This 18-minute video covers the following topics:
Why illegality in contracts is of relevance to practitioners
Situations when the issue might arise
How the courts dealt with this issue in the past
The current approach in the UK
The approach taken in other jurisdictions
Implications for practitioners
Patel v Mirza  UKSC 42
Singularis Holdings Ltd v Daiwa Capital Markets Europe Ltd  EWHC 257 (Ch)
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