07/31/2018
Supreme Court Provides Clear Guidance on Liability to Third Parties for Bankers' References
Burlington did not disclose to the Bank that they sought the reference on behalf of the Club or indeed any other party
Legal, Regulation & Compliance
07/31/2018
Adviser jailed over £14.5m Ponzi scheme
The case was referred to the City of London Police, the national lead force for fraud, by the Financial Conduct Authority (FCA) which became suspicious of the HBFS bank accounts.
07/31/2018
Six at Mourant listed in Legal 500's 'Hall of Fame UK' 2018
Jersey Partners Ben Robins, Giles Corbin and Jonathan Speck have been named alongside Partners in Guernsey, Jessica Roland, Gordon Dawes and Jeremy Wessels.
07/31/2018
The Future Trade Relationship - Herbert Smith Freehills
The White Paper has been politely welcomed in Brussels as a useful contribution to the debate but also with scepticism and requests for clarification.
07/31/2018
GAM suspends absolute return head over risk management
We are fully committed to remaining so. We have a strong and broad team in place, with real depth of talent and a long and successful track record.
07/30/2018
John Caudwell told to pay Nathalie Dauriac
A judge said that Nathalie Dauriac, 40, who met the tycoon when she worked at the private bank Coutts, had “clearly won” the dispute.
07/30/2018
Cyprus wins landmark arbitration related to 2013 crisis
Legal experts said the decision will act as a firewall against court actions against the state of Cyprus by people who lost their money in the 2013 dual economic and banking crisis.
07/30/2018
UK Proposes Enhanced Scrutiny of Foreign Investment by Dechert
The new process would be proportionate, targeted, predictable and transparent, striking a balance between encouraging foreign investment while addressing evolving national security threats.
07/30/2018
Enter the age of accountability
To understand how the Senior Managers and Certification Regime works
07/30/2018
UK threatens 7,000 EU funds with cross border barriers
European funds sold into the UK will face additional regulatory hurdles if the UK is unable to secure a cross-border access deal on financial services.
07/27/2018
FCA call for input on PRIIPs Regulation
In this call for input we invite firms and consumers to provide input on their initial experiences of the requirements introduced by the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation.
07/27/2018
HMRC clarifies 'requirement to correct' penalties
The minimum 100% penalty will apply even where someone has been careless with their affairs - intent is not necessarily required.
07/27/2018
New rape allegation suggests banks have a big cultural issue
UBS had not started a formal review into the senior banker's behaviour at the time he resigned, although it was reportedly seeking private mobile-phone messages between the alleged victim and her colleagues.
07/27/2018
Russian hackers blamed for $2.4 million cyber-heist at National Bank of Blacksburg
According to the lawsuit, National Bank of Blacksburg, which has 25 offices throughout Southwest Virginia, lost about $570,000 in May 2016 and more than $1.8 million in January 2017.
07/27/2018
Competition in the investment consultancy and fiduciary management markets: the CMA’s provisional decision
The CMA has invited responses to its provisional decision and suggested remedies
07/27/2018
Mystery banker's wife challenges UK unexplained wealth order
The NCA believed that two luxury homes worth £22m were purchased with money stolen by the woman’s husband
07/27/2018
FCA proposes changes to rules for crowdfunding platforms
The FCA has also observed some poor practice by some firms in the crowdfunding sector, particularly among loan-based platforms.
07/27/2018
Linklaters' first-ever head of innovation on new ideas, tech priorities and introducing lawyers to coding
Shilpa Bhandarkar, Linklaters' first-ever head of innovation, on harvesting the best new ideas from the firm's fee earners
07/27/2018
Disgraced solicitor ordered to repay half the £1.4 million he stole from clients
Following his sentence Jones was made subject to an application by the Dyfed-Powys Police Financial Crime Team for the recovery of all known assets held by him in order to compensate his victims as much as possible under the Proceeds of Crime Act.
07/26/2018
Number of raids by Serious Fraud Office triples
SFO taking ‘increasingly aggressive stance’ in pursuit of white collar criminals