RULING BY THE PARIS COURT OF APPEAL
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On 31 January 2020, the Paris Court of Appeal rendered its decision in the context of the prosecution for fraud against Landsbanki Luxembourg S.A. (in liquidation) and some of its former managers, employees and advisers concerning equity release loans granted prior to the 2008 financial crisis.
The Court upheld the judgment of the Paris criminal court of 28 August 2017, therefore acquitting all the accused parties and dismissing all the borrowers' claims for damages.
Under certain conditions, a judicial review of this decision may be filed before the French Court of cassation.