On 25th October 2024, the Court of Appeal hands down judgement in three linked appeals :
Johnson vs FirstRand Bank Ltd (Trading as Motonovo)
Wrench vs FirstRand Bank Ltd
Hopcraft vs Close Brosthers Ltd
The appeals that were all heard concurrently, all concerned the use of DCAs (Discretionary Comission Arrangements) in relation to motor finance.
In short, the Court of Appeal found in the customers (defendants) favour in all three cases.
Next steps
Both Close Brothers and FirstRand Bank have appealed the decision to the Supreme Court. The hearing of appeal has been scheduled for three days from the 1st - 3rd April 2025.
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