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Part II Causes of Action, 8 Equitable Claims:

Gerard McMeel

From: McMeel and Virgo On Financial Advice and Financial Products (3rd Edition)

Edited By: Gerard McMeel, John Virgo

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 04 July 2022

Subject(s):
UK Financial Conduct Authority (FCA)

This chapter first discusses the legal principles governing the recognition of fiduciary responsibility as applied to financial advisers. It then explains the law on transactions tainted by undue influence and unconscionable bargains. The equitable jurisdiction to grant relief in respect of transactions tainted by undue influence operates as a supplement to the common law of duress. While there is no general doctrine of a power to intervene in contracts and other transactions on the grounds of inequality of bargaining power at common law, there exists a jurisdiction in equity to relieve against unconscionable bargains.

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