‘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.’
OUT-LAW.com, 25th October 2023
Source: www.pinsentmasons.com
‘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.’
Legal Futures, 23rd October 2023
Source: www.legalfutures.co.uk
‘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.’
Legal Futures, 2nd October 2023
Source: www.legalfutures.co.uk
‘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.’
Law Society’s Gazette, 7th September 2023
Source: www.lawgazette.co.uk
‘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.’
The Guardian, 3rd September 2023
Source: www.theguardian.com
‘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.’
Legal Futures, 31st July 2023
Source: www.legalfutures.co.uk
‘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.’
Legal Futures, 24th July 2023
Source: www.legalfutures.co.uk
‘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.’
OUT-LAW.com, 20th July 2023
Source: www.pinsentmasons.com
‘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.’
UKSC Blog, 12th July 2023
Source: ukscblog.com
‘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.’
Tanfield Chambers, 28th March 2023
Source: www.tanfieldchambers.co.uk
‘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”).’
UKSC Blog, 15th March 2023
Source: ukscblog.com
‘Commercial court judges found “neither side had covered itself in glory” in the latest judgment in Merricks v Mastercard Incorporated and Ors.’
Law Society's Gazette, 5th February 2023
Source: www.lawgazette.co.uk
‘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.’
Legal Futures, 1st February 2023
Source: www.legalfutures.co.uk
‘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.’
Legal Futures, 23rd January 2023
Source: www.legalfutures.co.uk
‘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.’
OUT-LAW.com, 13th January 2023
Source: www.pinsentmasons.com
‘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.’
Legal Futures, 16th January 2023
Source: www.legalfutures.co.uk
‘The UK’s biggest banks are facing 109 class actions across different jurisdictions, 41 of them relating to interest rate swaps, research by City law firm RPC has shown.’
Legal Futures, 13th January 2023
Source: www.legalfutures.co.uk
‘Santander UK has been fined more than £100m after an investigation by the British financial watchdog found “serious and persistent gaps” in its money laundering controls, resulting in hundreds of millions of pounds of suspicious transactions through customer accounts.’
The Guardian, 9th December 2022
Source: www.theguardian.com
‘Court of Appeal judges today unanimously dismissed an appeal against the landmark decision this year to allow about three million now deceased people to continue to be part of a mammoth group action against Mastercard. The ruling concludes a six-year struggle to get the collective proceedings certified in the Competition Appeal Tribunal.’
Law Society's Gazette, 29th November 2022
Source: www.lawgazette.co.uk
‘The UK’s advertising regulator has banned two HSBC advertisements for being “misleading” about the company’s work to tackle climate change.’
BBC News, 19th October 2022
Source: www.bbc.co.uk
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