Jury clears climate protesters of causing damage to HSBC London HQ – The Guardian

Posted November 17th, 2023 in banking, climate change, criminal damage, environmental protection, news by tracey

‘Nine climate protesters have been cleared by a jury of causing £500,000 worth of criminal damage to the windows at the headquarters of HSBC bank in London.’

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The Guardian, 16th November 2023

Source: www.theguardian.com

Alerter by George Mallet & William Moody – Supreme Court Judgment on unfair relationships and PPI claims: Smith v RBS [2023] UKSC 34 – Henderson Chambers

‘The Supreme Court has given judgment in Smith and Burrell v Royal Bank of Scotland Plc [2023] UKSC 34, overturning the Court of Appeal and disagreeing with the bank’s limitation argument.’

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Henderson Chambers, 5th October 2023

Source: www.hendersonchambers.co.uk

GDPR subject access requests and Nigel Farage – Law Society’s Gazette

Posted November 1st, 2023 in banking, complaints, data protection, news by sally

‘Article 15 of the UK GDPR gives a data subject the right to receive all their personal data that is held by a data controller, subject to certain exemptions (subject access). This right does not only include official documentation but also emails, comments and any other recorded discussions, whether they are professionally expressed or not.’

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Law Society's Gazette, 31st October 2023

Source: www.lawgazette.co.uk

Ex-NatWest chief breached Nigel Farage’s privacy, watchdog rules – The Guardian

Posted October 26th, 2023 in banking, BBC, data protection, media, news, privacy by sally

‘The former NatWest chief executive breached data protection laws when she spoke to a BBC journalist about the planned closure of Nigel Farage’s bank accounts, the UK’s information watchdog has ruled.’

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The Guardian, 25th October 2023

Source: www.theguardian.com

UK government to introduce new rules to restrict ‘de-banking’ – OUT-LAW.com

‘The UK chancellor has announced new rules to restrict the practice of ‘de-banking’ amid reports that some banks may have closed customer accounts because of their political beliefs.’

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OUT-LAW.com, 25th October 2023

Source: www.pinsentmasons.com

High Court refuses Indian lawyer right to address court – Legal Futures

Posted October 23rd, 2023 in banking, India, legal representation, news by tracey

‘The High Court has refused an Indian lawyer permission to appear for an Indian company that had dismissed its English solicitors and barristers shortly before trial.’

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Legal Futures, 23rd October 2023

Source: www.legalfutures.co.uk

SRA fines law firm £45,000 for how it ran financial mis-selling claims – Legal Futures

Posted October 2nd, 2023 in banking, complaints, fines, law firms, news, Solicitors Regulation Authority by sally

‘The Solicitors Regulation Authority (SRA) has slapped a law firm with a £45,000 fine for multiple failures in its conduct of financial mis-selling claims.’

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Legal Futures, 2nd October 2023

Source: www.legalfutures.co.uk

Forfeiture ruling highlights underground banking threat – Law Society’s Gazette

Posted September 8th, 2023 in banking, China, forfeiture, money laundering, news by tracey

‘A money laundering case involving the sale of a £1.73million house has thrown a rare spotlight on the operations of the Chinese underground banking system.’

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Law Society’s Gazette, 7th September 2023

Source: www.lawgazette.co.uk

Ex-Nationwide teller in London jailed for part in £130,000 bank fraud – The Guardian

Posted September 4th, 2023 in banking, fraud, imprisonment, news, sentencing by tracey

‘A former teller at a London branch of Nationwide has been jailed for more than two years for his part in a £130,000 bank fraud.’

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The Guardian, 3rd September 2023

Source: www.theguardian.com

CA overturns ruling that £2.7bn class action should proceed as opt-in – Legal Futures

Posted July 31st, 2023 in appeals, banking, class actions, compensation, competition, news by tracey

‘The Court of Appeal last week overturned a decision that £2.7bn collective proceedings over a foreign exchange spot-trading cartel should be on an opt-in, rather than opt-out, basis.’

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Legal Futures, 31st July 2023

Source: www.legalfutures.co.uk

Law firm’s “implausible” €1.4m claim against bank thrown out – Legal Futures

Posted July 24th, 2023 in banking, fees, law firms, news by tracey

‘The High Court has granted a leading bank summary judgment on an “inherently implausible” €1.4bn (£1.2bn) claim for an introduction fee brought by a US law firm.’

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Legal Futures, 24th July 2023

Source: www.legalfutures.co.uk

Consent not needed to offer customers better savings rates, UK banks told – OUT-LAW.com

Posted July 21st, 2023 in banking, data protection, news by tracey

‘Financial institutions in the UK can lawfully send customers neutral information comparing the savings products they provide without needing the customers’ consent to do so, two regulators have confirmed.’

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OUT-LAW.com, 20th July 2023

Source: www.pinsentmasons.com

New Judgment: Philipp (Respondent) v Barclays Bank UK PLC (Appellant) [2023] UKSC 25 – UKSC Blog

Posted July 14th, 2023 in appeals, banking, fraud, news, Supreme Court by sally

‘In 2018 Mrs Fiona Philipp and her husband, Dr Robin Philipp, fell victim to a fraud. They were deceived by criminals into instructing Barclays Bank (the Bank) to transfer £700,000 in two payments from Mrs Philipp’s current account with the Bank to bank accounts in the United Arab Emirates. The instructions were carried out and the money was lost.’

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UKSC Blog, 12th July 2023

Source: ukscblog.com

A Summary Assessment of Dishonesty: Gupta v Shah [2023] EWHC 540 (Ch) – Tanfield Chambers

Posted March 31st, 2023 in banking, chambers articles, fraud, news, theft by sally

‘The High Court recently handed down judgment in the case of Gupta v Shah [2023] EWHC 540 (Ch), a double-barrelled summary judgment and strike out application in an idiosyncratic international fraud worth $14 million. The case involved extravagant defences of clandestine US-Iranian Commercial dealings, secret caches of US dollar reserves, Chinese State Security, and a systematic theft of funds by major multinational banks.’

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Tanfield Chambers, 28th March 2023

Source: www.tanfieldchambers.co.uk

New Judgment: The Law Debenture Trust Corporation plc v Ukraine (acting upon the instructions of the Cabinet Ministers of Ukraine) [2023] UKSC 11 – UKSC Blog

Posted March 16th, 2023 in banking, contracts, duress, international law, loans, news, Russia, Supreme Court, Ukraine by sally

‘This appeal arises out of a contractual dispute between Ukraine and the Law Debenture Trust Corporation plc (“the Trustee””), acting on behalf of the Russian Federation (“Russia”).’

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UKSC Blog, 15th March 2023

Source: ukscblog.com

Competition court judges criticise parties in Merricks v Mastercard – Law Society’s Gazette

Posted February 6th, 2023 in banking, class actions, competition, damages, limitations, news, time limits by tracey

‘Commercial court judges found “neither side had covered itself in glory” in the latest judgment in Merricks v Mastercard Incorporated and Ors.’

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Law Society's Gazette, 5th February 2023

Source: www.lawgazette.co.uk

Court can enter judgment in favour of sanctioned Russian party – Legal Futures

Posted February 1st, 2023 in banking, dispute resolution, fraud, news, Russia, sanctions, Ukraine, war by sally

‘The UK sanctions regime does not block the courts from entering judgments in favour of a party on the sanctions list, the High Court has ruled.’

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Legal Futures, 1st February 2023

Source: www.legalfutures.co.uk

Court orders judge’s recusal due to “business association” with defendant – Legal Futures

Posted January 23rd, 2023 in banking, bias, judges, news, recusal by tracey

‘The High Court has ruled that a circuit judge should not hear any more of a claim against HSBC because his own relationship with the bank raised the risk of apparent bias.’

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Legal Futures, 23rd January 2023

Source: www.legalfutures.co.uk

FCA fines show focus remains on AML compliance – OUT-LAW.com

Posted January 16th, 2023 in banking, financial regulation, financial services ombudsman, fines, news by tracey

‘Recent fines issued to two banks by the Financial Conduct Authority (FCA) highlight the regulator’s continued focus on driving compliance with anti-money laundering (AML) requirements in UK financial services, an expert has said.’

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OUT-LAW.com, 13th January 2023

Source: www.pinsentmasons.com

Bank’s solicitor “may have owed duty of care” to third party – Legal Futures

Posted January 16th, 2023 in appeals, banking, conveyancing, duty of care, land registration, news, solicitors by tracey

‘A bank’s solicitor may owe a duty of care to the seller of the property when filling in Land Registry paperwork to change the register, the Court of Appeal has ruled.’

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Legal Futures, 16th January 2023

Source: www.legalfutures.co.uk