Banking and Finance Disputes Update - April 2016
Published 29 April 2016
DAC Beachcroft's Banking & Finance Disputes Update focuses on events occurring within the banking, financial, city business and general regulatory sectors that give rise to or concern contentious matters, civil or regulatory.
The April edition of the Banking and Finance Disputes Update covers:
- FCA bans ex-RBS LIBOR Submitter for involvement in rigging rates. But its reasoning is questionable.
- The Commercial Court provides guidance on the interpretation of defined terms and the implication of terms in complex commercial contracts.
- Panama Paper Leak – the implications for financial compliance.
- The "Wight" decision: rectification claim succeeds to assist Claimant in swaps litigation.
- The meaning of "collective investment scheme" within FSMA.
- Swap Mis-selling Claim Struck Out – Bank Wins Again