Brexit: practical implications By Mathew Rutter Our views and guidance on the implications of Brexit for the business community.
Financial Crime and Corruption By Jonathan Brogden Topical news and thought leadership on issues relating to economic crime, money laundering, bribery and corruption.
GC Collective By Ben Daniels The GC Collective collection offers insight and comment for General Counsels (GCs) and in-house legal teams.
Information Law and Data Protection By Rhiannon Webster Our market-leading Information Law team regularly publish articles and updates addressing the ever-evolving Information Law landscape.
JUDGMENT OF SUPREME COURT ON FCA BUSINESS INTERRUPTION LITIGATION The Supreme Court has this morning delivered Judgment on the Appeals by both the FCA and certain Insurers in the FCA Test Case litigation concerning COVID-19 Business Interruption claims.
Judgment on FCA business interruption litigation The Court has this morning delivered the keenly awaited Judgment in the FCA Test Case litigation concerning COVID-19 Business Interruption claims. The Judgment provides guidance on disease clauses, hybrid clauses, prevention of access clauses and…
UK Government proposes tougher regime for approval of financial promotions By Mathew Rutter On 20th July 2020, HM Treasury (HMT) launched a consultation on a ‘regulatory gateway’ for authorised persons approving the financial promotions of unauthorised persons. It seeks to address concerns that the existing regime does not operate as a…
Financial Support to mitigate the effects of Coronavirus By Neil Warwick Please find a summary of measures that the Government currently has in place to deal with the financial impact of COVID-19. Announced on11 March, they are very similar to measures put in place to tackle the financial crisis of 2008.
FCA Business Plan: What we can expect in the year ahead By Jonathan Brogden The Financial Conduct Authority (FCA) has recently published its 2019/2020 Business Plan outlining its key priorities and planned activities for the year ahead. Its overarching theme is to ensure that its financial regulation is effective and that…
Autonomy v Lynch: confidentiality of English proceedings trumps an FBI subpoena By Julian Bubb Humfryes A slew of recent cases has illustrated the English court’s approach to evidence sought in the context of multi-jurisdictional proceedings and investigations – and especially at the intersection of the civil and criminal law.
Bank Mellat v HM Treasury: disclosure in English civil proceedings overrides Iranian Sharia law on privacy By Julian Bubb Humfryes A slew of recent cases has illustrated the English court’s approach to evidence sought in the context of multi-jurisdictional proceedings and investigations – and especially at the intersection of the civil and criminal law.
Banking & Finance Further News and Updates By Jonathan Brogden For a summary of other recent updates including: the new director of SFO, Investigations of Lloyds bank and KPMG over HBOS fraud, additional charges against two individuals in Unaoil investigation,tightening of outsourcing rules for banks ahead of…
FCA fines Canara Bank for serious AML failings relating to its trade finance activities in the UK By Jonathan Brogden On 6 June 2018, the FCA published its Final Notice explaining the grounds upon which it fined Canara Bank £896,100 and imposed a restriction on it accepting deposits from new customers for 147 days as a result of long term serious AML failings.
Private prosecution for Conspiracy to Defraud results in conviction and 8 year sentence: the case for Private Prosecutions By Jonathan Brogden On 11 June 2018, Paul Sultana was sentenced to 8 years' imprisonment and disqualified from acting as a director for seven years following a prosecution pursued, not by the Crown Prosecution Service (the "CPS") but by a company which Mr. Sultana had…