Source: All England Reporter
Publisher Citation: [2017] All ER (D) 78 (Dec)
Neutral Citation: [2017] EWHC 3011 (Comm)
Court: Queen's Bench Division (Commercial Court)

Judge Waksman QC (sitting as a Judge of the High Court)

Representation Richard Lissack QC and Nico Leslie (instructed by Signature Litigation LLP) for ECU.
  Ben Valentin QC and James Duffy (instructed by Cleary Gottleib Steen & Hamilton LLP Solicitors) for HSBC.
Judgment Dates: 24 November 2017


Disclosure and inspection of documents - Pre-action disclosure - Applicant seeking order for pre-action disclosure in respect of potential proceedings related to alleged currency market 'front-running'

The Case

Disclosure and inspection of documents Pre-action disclosure. The Commercial Court granted the applicant company's application for pre-action disclosure under CPR 31.16 against the three respondent banks in the HSBC group. The court held that there was, in principle, a real prospect that pre-action disclosure would be likely to shed real and direct light on whether there had been currency market front-running by the respondents, which could found possible claims by the company for breach of contract, among other things.

Practice Areas

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