Introduction
The Court of Appeal handed down its much-anticipated decision in Philipp v Barclays Bank UK plc on 14 March 2022.
The decision is essential reading for anyone with an interest in the “Quincecare” duty of care (derived from Barclays Bank plc v Quincecare Ltd), which requires a bank to exercise reasonable care and skill in carrying out a customer’s instructions. In particular, Philipp addresses the application of the Quincecare duty in the context of authorised push payment (“APP”) fraud, which is believed to be the second most common type of personal banking fraud in the UK.