This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Banks’ bid to stymie UK forex cartel suit threatens ‘opt-out’ collective claims

By Simon Zekaria ( April 10, 2025, 15:14 GMT | Comment) -- A bid by a roster of big banks to head off the resurrection of mass litigation in the UK over foreign-exchange cartel activity poses a risk to the "opt-out" model central to the country's collective-action regime. For plaintiffs and funders, having members of a class automatically signed up to suits from the outset is vital for the regime's success, and ultimately access to justice.A challenge that JPMorgan Chase, Barclays and other banks have argued at the UK's highest court over trial approval for mass suits targeting them poses a threat not only to that litigation but to the wider UK class-action regime....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections