Empirical evidence shows that the Banking & Finance sector has been in the top two sectors for volume of High Court claims filed for the last three years. This looks set to continue as the data leads us to anticipate increasing cases arising from global economic events, ESG risks and the impact of the Russian sanctions regime.
Data driven disputes trends in Banking & Finance
Retail banks are most at risk of claims year on year with the volume of claims involving challenger banks on the rise as they acquire more market share.
Use of arbitration in the Banking & Finance sector is a growing trend, with the sector contributing over 20% of the LCIA’s caseload over recent years.
Most High Court claims involving banks relate to contractual disputes and fraud.
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