CLARK AND ANOTHER v IN FOCUS ASSET MANAGEMENT & TAX SOLUTIONS LTD FINANCIAL OMBUDSMAN SERVICE (INTERVENING)

[2014] Lloyd's Rep IR 437

COURT OF APPEAL

Before Lady Justice ARDEN,Lady Justice BLACK,Lord Justice DAVIS

Financial Ombudsman Service – Award made up to statutory maximum – Ombudsman recommending payment above statutory maximum – Whether applicant able to sue for amount recommended – Res judicata – Cause of action estoppel – Financial Services and Markets Act 2000, Part XVI.