Law of Banking

Comprehensive Overview of "Paget's Law of Banking"

History and Significance: "Paget's Law of Banking" has been a leading practitioner text on banking law since its first publication in 1904. It has established itself as the "banking law bible," providing a comprehensive, clear, and accurate statement of the law of banking with a particular emphasis on the principles that underpin the case law.

Key Themes:

1. Comprehensive Coverage: The book covers a wide range of topics related to banking law, including principles, case law, and regulatory updates.
2. Practical Approach: It is known for its meticulous accuracy and depth, making it a valuable resource for practitioners and students alike.
3. Regulatory Environment: The book reflects the changing world in which banks operate, including updates on electronic payment systems, authorized push payment fraud, and the Financial Ombudsman Scheme.

Plot Summary: The book does not have a narrative plot but rather a structured approach to presenting banking law. It includes detailed chapters on various aspects of banking law, such as electronic payment systems, fraud prevention, and dispute resolution mechanisms. The 16th edition, published in 2023, includes new chapters and substantial revisions to existing ones, ensuring it remains a definitive practitioner work in the field.

Critical Reception: The 16th edition of "Paget's Law of Banking" has received positive reviews for its thoroughness and relevance. A review in the New Law Journal praises the book as a valuable resource for all those concerned with the law as it affects banks and their customers. The review highlights the contributions from authors at 3 Verulam Buildings and the Financial Ombudsman Service, which add significant value to the book.

Authors and Editions: The 16th edition is authored by John Odgers KC and Ian Wilson KC. John Odgers, a senior legal counsel at the Financial Ombudsman Service, has been the general editor of the book since its third edition under his editorship. The book is published by LexisNexis Butterworths, and the 16th edition was released in August 2023.

Availability and Pricing: The book is available in various formats and regions, including the UK and India. The recommended retail price (RRP) for the 16th edition in the UK is £689, while in India, it is available at a discounted price of Rs. 4,635.00.