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Showing 12 out of 18 results
UK Supreme Court clarifies scope of “assets” covered by a freezing order
In a unanimous decision, the Supreme Court has confirmed that the right to draw down under loan agreements is caught by the expanded definition of …
Ratings downgrades possible for banks with weak cybersecurity
In a note published last week, ratings agency Standard & Poors (S&P) said it viewed banks as natural targets facing a high threat of …
UK: PRA and FCA consult on approach to ring-fencing transfer schemes
The PRA is consulting on a draft statement of policy setting out its approach to ring-fencing transfer schemes (RFTS), and the FCA on guidance. Part VII …
UK: Court of Appeal considers limitations on the principle of business common sense as an aid to contractual interpretation
The recent Court of Appeal decision in Wood v Sureterm Direct Ltd & Capita Insurance Services Ltd [2015] EWCA Civ 839 gives further guidance on the …
UK FCA past business reviews: what duties, if any, do financial institutions owe directly to customers? High Court finds no contractual obligations, but tortious duties are arguable
The recent and somewhat surprising decision of the High Court in Suremime Limited v Barclays Bank plc [2015] EWHC 2277 (QB) is important to any financial …
UK launches Financial Advice Market Review
On 3 August, the UK Government launched what it described as a major new review to examine how financial advice could work better for consumers. The …
UK: New pilots of streamlined procedures for claims in the main business courts
Two pilot schemes, the Shorter Trials Scheme and the Flexible Trials Scheme, will be introduced for claims commenced from 1 October and will …
Can one contract into the Consumer Credit Act 1974?
The Consumer Credit Act 1974 From 1998 to 2008 the Consumer Credit Act 1974 only applied to agreements to lend consumers less than £25,000. The financial …
UK: High Court strikes out claim for mis-selling of an interest rate hedging product on the basis of a pre-existing settlement
In Gary Ronald Marshall v Barclays Bank plc [2015] EWHC 2000 (QB), the bank applied to strike out a claim against it for alleged mis-selling of an …
German Federal Supreme Court: a pro-forma application for conciliation of an insufficiently specified misselling claim will not be effective to suspend limitation
In a landmark decision dated 18 June 2015, the German Federal Supreme Court (Bundesgerichtshof, "BGH") decided that pro-forma applications for …
UK: Fair and Effective Markets Review publishes its final report
The Fair and Effective Markets Review (FEMR) has published its final report, setting out 21 recommendations to help restore trust in the wholesale Fixed …
FIFA racketeering indictment could cause concern for banks
The US Department of Justice's FIFA indictment may require certain banks to review any of their FIFA-related transactions, as well as test their …
Showing 12 out of 18 results
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