References: Independent 17-Feb-1993, Gazette 07-Apr-1993
Ratio: The Investors’ Compensation Scheme must exercise discretion in quantifying a claim. An investor’s right to make a claim under the scheme survives his death and passes to his personal representative.
Statutes: Financial Services Act 1986
Jurisdiction: England and Wales
This case is cited by:
- Appeal from – Regina v Investors Compensation Scheme Ltd, ex Parte Bowden and Another CA (Times 30-Jun-94, Ind Summary 29-Aug-94)
The Scheme must award compensation in accordance with accepted methods of calculating damages. It had no authority to limit payment of legal fees of applicants to andpound;500.00. . .
(This list may be incomplete)
Last Update: 03 September 2019
Ref: 86956
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