Northern Rock judicial review - Court of Appeal decision - [2009] EWA Civ 788
18-Sep-2009 | Financial Institutions & Services
This high profile judicial review shows the versatility of the Human Rights Act and sheds further light on how the Court will interpret doctrines such as the margin of appreciation and what are legitimate considerations to include in UK legislation dealing with financial institutions.
Lawyers
It clearly suggests that compensation claims in these circumstances will be difficult but it does not completely preclude claims in other situations where there has been nationalisation. There is also the potential for a House of Lords' appeal so this may not be the last word.
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