About this document
Wood v Commercial First: Secret Commissions by Javier Salgado is a document available to read on EtoBox.
In the case of Wood v Commercial First Business Ltd, the Court of Appeal ruled that borrowers could seek rescission of loan agreements due to undisclosed commissions paid by lenders to brokers, without needing to establish a fiduciary relationship between the borrower and broker. The court found that the existence of a legal duty to provide impartial advice was sufficient for liability under bribery laws. The appeals by the lenders were dismissed, affirming the lower court
- Author
- Javier Salgado
- Language
- EN