Lessons from Springwell: when exotic became chaotic | Practical Law

Lessons from Springwell: when exotic became chaotic | Practical Law

In JP Morgan Chase Bank v Springwell Navigation Corporation, the High Court indicated that the courts are prepared to back banks in claims brought by investors when circumstances allow it. It is useful to apply the court's reasoning to potential disputes arising out of the credit crunch, as investors seek to recover losses for investments that have returned large losses where significant gains had been expected.

Lessons from Springwell: when exotic became chaotic

Practical Law UK Articles 2-383-1305 (Approx. 5 pages)

Lessons from Springwell: when exotic became chaotic

by Chris Warren-Smith and Ian Pegram, Fulbright & Jaworski International LLP
Published on 26 Aug 2008United Kingdom
In JP Morgan Chase Bank v Springwell Navigation Corporation, the High Court indicated that the courts are prepared to back banks in claims brought by investors when circumstances allow it. It is useful to apply the court's reasoning to potential disputes arising out of the credit crunch, as investors seek to recover losses for investments that have returned large losses where significant gains had been expected.