‘Accountants, bankers and lawyers will face penalties if they fail to report aggressive tax avoidance schemes that help companies or individuals move money to offshore havens, under a new European Union law.’
The Guardian, 13th March 2018
Source: www.theguardian.com
‘A bank that relied on inaccurate information supplied by its borrower’s solicitor should not have won a negligence claim against her, because it failed to carry out its own checks, the Supreme Court has ruled.’
Legal Futures, 1st March 2018
Source: www.legalfutures.co.uk
‘The Treasury committee has published the full unredacted report into Royal Bank of Scotland’s “disgraceful” treatment of struggling small businesses that came to it for financial assistance in the wake of the banking crisis.’
The Guardian, 20th February 2018
Source: www.theguardian.com
‘The UK’s fraud watchdog has charged Barclays Bank over making a loan to Qatar back in 2008.’
The Independent, 12th February 2018
Source: www.independent.co.uk
‘MPs could publish a leaked version of the report into claims RBS mistreated small business customers whether regulators are ready or not. The Treasury Select Committee has told the Financial Conduct Authority it must publish the much-delayed report on the Global Restructuring Group (GRG) by the end of next week. If the FCA fails to do that, it must instead send a copy to the committee on that day.’
Daily Telegraph, 7th February 2018
Source: www.telegraph.co.uk
‘The High Court has said that it could not impose a permanent moratorium against creditor action in England and Wales where the foreign restructuring of an Azerbijan bank had been recognised as a foreign main proceeding under the Cross-Border Insolvency Regulations.’
OUT-LAW.com, 5th February 2018
Source: www.out-law.com
‘The bank arranger of a $650 million Islamic bond financing deal has been found negligent for failing to ensure that a promissory note, used as security, was properly signed.’
OUT-LAW.com, 8th January 2018
Source: www.out-law.com
‘Statutory interest paid by a company in administration on a surplus is ‘yearly interest’ for UK tax purposes and must therefore be paid after deduction of basic rate tax, the Court of Appeal has decided, overturning a previous decision of the High Court.’
OUT-LAW.com, 5th January 2018
Source: www.out-law.com
‘The Commercial Court (Andrew Baker J) has given judgment in favour of the Claimants in their action for damages against Credit Suisse under s.138D of the Financial Services and Markets Act 2000 (FSMA).’
Blackstone Chambers, 27th November 2017
Source: www.blackstonechambers.com
‘The number of reports notifying the UK’s Financial Conduct Authority (FCA) of suspicious transactions have risen to their highest ever level, more than doubling in the last two years.’
OUT-LAW.com, 23rd October 2017
Source: www.out-law.com
‘The UK’s Financial Conduct Authority (FCA) has fined Merrill Lynch International £34.5 million for failing to report 68.5 million exchange traded derivative (ETD) transactions over a two-year period.’
OUT-LAW.com, 23rd October 2017
Source: www.out-law.com
‘A recent Commercial Court case, Chudley v Clydesdale Bank plc has provided a rare comment on the application of the Contract (Rights of Third Parties) Act 1999 (the 1999 Act) and, in particular, on how you decide whether the contract adequately identifies the third party so as to allow them to enforce the contract.’
Hardwicke Chambers, 20th October 2017
Source: www.hardwicke.co.uk
‘The Court of Appeal (CoA) has issued a landmark judgment which clarifies the rights and obligations for issuers of bearer notes and investors in them.’
OUT-LAW.com, 16th October 2017
Source: www.out-law.com
‘A £600m case is due to begin in the high court this week which is expected to lead to five former directors of Lloyds Banking Group being asked to explain the circumstances that led to the rescue of HBOS during the height of the financial crisis.’
The Guardian, 15th October 2017
Source: www.theguardian.com
‘Treasury committee chair Nicky Morgan has threatened to use parliamentary powers to force the disclosure of a report into the conduct of RBS’s controversial business restructuring arm.’
Daily Telegraph, 13th October 2017
Source: www.telegraph.co.uk
‘Britain’s financial watchdog has refused to publish a leaked report into the scandal at Royal Bank of Scotland’s controversial restructuring unit, despite demands for its release by an influential committee of MPs.’
The Independent, 15th September 2017
Source: www.independent.co.uk
‘A man accused of launching cyber attacks against two of the UK’s largest banks has been extradited from Germany, the National Crime Agency (NCA) said.’
BBC News, 30th August 2017
Source: www.bbc.co.uk
‘Can an employer be vicariously liable for sexual assaults perpetrated by an independent physician engaged to conduct health screening of employees? Yes, according to The Hon Mrs Justice Davies in Various Claimants v Barclays Bank PLC [2017] EWHC 1929 (QB) in a judgment handed down on 26th July 2017. Simon Anderson considers its reasoning, and its wider implications for employers.’
Park Square Barristers, 8th August 2017
Source: www.parksquarebarristers.co.uk
‘In Various Claimants v Barclays Bank PLC [2017] EWHC 1929 (QB), the High Court (The Hon Mrs Justice Davies DBE) held that Barclays Bank was vicariously liable in respect of alleged sexual assaults perpetrated by a Doctor, not employed by Barclays, who conducted medical assessments and examinations on prospective employees of the Bank.’
Henderson Chambers, 10th August 2017
Source: www.hendersonchambers.co.uk
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