header-logo header-logo

Home Login E-newsletter About us

NLJ this week: All eyes on motor finance case with billions at stake

© Copyright LexisNexis 2025. All Rights Reserved.
14 March 2025
Issue: 8108 / Categories: Legal News , Financial services litigation , Consumer , Regulatory , Commercial
printer mail-detail
211159
Johnson v FirstRand sent ‘shockwaves through the financial services industry’, write Eddie Flanagan, partner and specialist in asset and debt recovery, and Harpreet Sandhu, Chartered Legal Executive at Shakespeare Martineau, in this week’s NLJ. They discuss the case and its astonishing implications. For example, Santander UK revealed in November that it has set aside £295m for potential compensation.

With the Supreme Court due to begin considering the case next month, this is a timely article. The case—concerning commission charged for car finance—could cost banks billions, and claims management companies are already hard at work fishing for customers.

The authors review the legal issues involved, and outline the most likely areas of reform. They write that the case ‘exposed vulnerabilities in the financial services sector, prompting a re-evaluation of compliance and customer trust. It underscores the need for robust consumer protection measures and regulatory compliance’. 
Issue: 8108 / Categories: Legal News , Financial services litigation , Consumer , Regulatory , Commercial
printer mail-details
RELATED ARTICLES
 

MOVERS & SHAKERS

Read All
Sponsored by
NLJ Career Profile: Kate Gaskell, Flex Legal

NLJ Career Profile: Kate Gaskell, Flex Legal

Kate Gaskell, CEO of Flex Legal, reflects on chasing her childhood dreams underscores the importance of welcoming those from all backgrounds into the profession

Dorsey & Whitney—Jonathan Christy

Dorsey & Whitney—Jonathan Christy

Dispute resolution team welcomes associate in London

Winckworth Sherwood—Kevin McManamon

Winckworth Sherwood—Kevin McManamon

Special education needs and mental capacity expert joins as partner

NEWS
Read All
Human rights concerns for patients, prisoners & immigration detainees
Overcrowded prisons, mental health hospitals and immigration centres are failing to meet international and domestic human rights standards, the National Preventive Mechanism (NPM) has warned
Licensing fast-track for conveyancing & probate professionals
Two speedier and more streamlined qualification routes have been launched for probate and conveyancing professionals
Stress at work? Join the (employment tribunal claim) queue
Workplace stress was a contributing factor in almost one in eight cases before the employment tribunal last year, indicating its endemic grip on the UK workplace
NLJ this week: A Christmas plea for speed
Professor Dominic Regan of City Law School highlights a turbulent end to 2025 in the civil courts, from the looming appeal in Mazur to judicial frustration with ever-expanding bundles, in his final NLJ 'The insider' column of the year
NLJ this week: Transparency reforms set to transform access to justice
Antonia Glover of Quinn Emanuel outlines sweeping transparency reforms following the work of the Transparency and Open Justice Board in this week's NLJ
Copyright © 2025 LexisNexis
back-to-top-scroll