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Legal, Regulation & Compliance

06/16/2022

German court rules on admissibility of claims bundling for foreign law claims

The case related to a German claims management company which had claims for damages from car owners in Switzerland assigned to it in the Diesel context in order to bundle these claims and jointly enforce them in the German courts.

06/16/2022

New Nationality and Borders Act may have ‘significant impact’ on travel to UK

The visa penalty provisions in the Act can also be enforced against countries that the government believes pose a “risk to international peace and security.

06/16/2022

Improving inclusivity for trans and non-binary employees in the UK

In addition to the positive consequences of support for individual employees, and consequential benefits such as improved staff retention, this can result in other benefits for businesses.

06/16/2022

Carey Olsen advises Synthesis Capital on US$300m foodtech fund

The pioneering Fund, which will look to back technology solutions that will help global food system

06/15/2022

FCA to strengthen protection of access to banking services

The FCA has warned that some banks and building societies are not currently doing enough to properly understand the impact of these changes and to keep their customers informed.

06/15/2022

Addleshaw Goddard: Financial Services & Banking News

These include product suitability and price transparency, uncertainty of insurance cover, culture and resilience.

06/15/2022

Food insecurity following Ukraine war set to drive more volatility

Between them, Russia and Ukraine also supplied more than half of the world’s sunflower seed.

06/15/2022

Addleshaw Goddard: Financial Services and Banking News

The draft regulations make consequential changes as a result of the Financial Services Act 2021

06/14/2022

Trial set for 2024 for Lloyds bank manager accused of theft

Hussain, of Romford, denies fraud, transferring criminal property and conspiracy to defraud.

06/14/2022

Financial Services & Banking News

The DCE will assist the analysis of, amongst other things, potential reform options relating to MA-FS methodology.

06/14/2022

Five new partners for Carey Olsen in Bermuda, Jersey and London

The five promotions bring the total number of partners across the Carey Olsen group to 68.

06/14/2022

Deciphering stablecoins: A financial stability risk?

Last week, a consultation paper suggested the UK Treasury would give the BoE authority to address the collapse of failed, systemic stablecoins.

06/13/2022

Explainer: What does Russia’s “zero inflation” mean?

In two of the last three weeks with data, Rostat said Russia actually recorded a slight deflation.

06/13/2022

UK's New N.Ireland Trade Rules Will Not Break Law, Minister Says

Any unilateral move by London to override the treaty will inflame a simmering argument with the European Union.

06/13/2022

FCA fines guarantor lender TFS Loans Ltd (in administration) and requires it to provide redress to affected guarantors

The FCA has also imposed a requirement on TFS to redress the guarantors that were harmed by the firm not conducting appropriate checks.

06/13/2022

PRA statement on removing the PRA buffer adjustment in PS15/20

This statement provides an update on the PRA’s approach to the PRA buffer.

06/10/2022

Linklaters advises the lenders on the US$6bn restructuring of Nordic Aviation Capital

This was a rare example of security over such a large number of aircraft being taken at once, in such a short period of time.

06/10/2022

Brent Hoberman Welcomes Chronos Law to Founders Forum Group

The firm combines the expertise of private practice with the accessibility of in-house legal counsel.

06/10/2022

Directors banned over £8.9mn hotel investment scheme

But the partnership went into insolvency in February 2017, with creditors claiming £14.8mn in the liquidation.

06/10/2022

FCA appoints members for new Secondary Markets Advisory Committee

The purpose of the committee is to support our wholesale secondary markets work in equities, derivatives, fixed income and commodity derivatives.

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