Banking Litigation Podcast EP59: Monthly Update – March/April 2026

In this edition of our banking litigation podcast, we consider some recent cases that will be most relevant to in-house lawyers at banks and financial institutions. This episode is hosted by John Corrie, a partner in our banking litigation team, who is joined by Ceri Morgan and special guest Frances Furnivall.

Speakers: John Corrie (Partner), Ceri Morgan (Knowledge Counsel), Frances Furnivall (Senior Associate).

You can find out more about the cases covered in this podcast on our blog at the following links:

• Supreme Court confirms suspension of payment obligations under letters of credit due to UK Russian sanctions regime 
• High Court considers whether success fee payable to advisory firm in respect of "Equivalent Transaction" in de-SPAC merger 
• High Court considers summary judgment application on whether success fee payable by private equity fund to placement agent
• High Court upholds broker’s entitlement to US$2.25m success fee under tripartite mandate despite limited involvement in funding process
• Banking Litigation Podcast Episode 54: Hopcraft Special Edition
• High Court finds legal advice privilege is not limited to lawyer/client communications but extends to "intra-client" communications
• Upper Tribunal observes that uploading confidential documents into open-source AI tools waives client confidentiality and legal privilege
• New York court finds client chats with generative AI tool Claude are not privileged
• US courts find privilege applies to use of public AI tools by self-represented litigants 
• Supreme Court holds that no statutory limitation period applies to unfair prejudice petitions