From 1 to 3 April, the Supreme Court heard appeals in the motor finance commission case (Johnson, Wrench and Hopcraft), challenging the Court of Appeal's decision that motor finance brokers owed and breached a fiduciary duty and tortious "disinterested" duty and that lenders were liable for the compensation owed by brokers as a result.  The Court of Appeal's judgment, issued in October 2024, was broadly drafted and caused widespread surprise and concern, leading to responses from FCA, HMT and consumer and industry. The FCA and the National Franchised Dealers Association were given permission to formally intervene in the Supreme Court hearing.

The Supreme Court's decision is expected in July. While it may bring some clarity, firms will need to be prepared for the next steps irrespective of the outcome.  

In this webinar, we will summarise at a high level:

• Key takeaways from the Supreme Court hearing
• Where the Supreme Court outcome might leave the FCA Redress plans and FOS complaints
• The wider implications

If you have any queries about this event, please contact our Events team.