Part 36 uplift for beating offer includes contractual interest, High Court rules – Litigation Futures

Posted June 30th, 2016 in civil procedure rules, interest, news, part 36 offers by tracey

‘The 10% uplift claimants receive for beating their part 36 offer includes contractual interest on the sum won at trial, the High Court has ruled.’

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Litigation Futures, 27th June 2016

Source: www.litigationfutures.com

Part 36 uplift for beating offer includes contractual interest, High Court rules – Litigation Futures

‘The 10% uplift claimants receive for beating their part 36 offer includes contractual interest on the sum won at trial, the High Court has ruled.’

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Litigation Futures, 27th June 2016

Source: www.litigationfutures.com

Court of Appeal: SDLT not payable by company using Shari’a finance scheme – OUT-LAW.com

‘Project Blue Limited (PBL) was not liable for stamp duty land tax (SDLT) in respect of its acquisition of the former Chelsea Barracks by means of a Shari’a finance scheme, the Court of Appeal has ruled.’

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OUT-LAW.com, 31st May 2016

Source: www.out-law.com

Man allowed to challenge former mother-in-law’s will – Law Society’s Gazette

Posted May 31st, 2016 in appeals, divorce, interest, news, wills by tracey

‘The Court of Appeal has granted a divorced husband permission to challenge the validity of his former mother-in-law’s will which left him nothing from her estate.’

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Law Society’s Gazette, 27th May 2016

Source: www.lawgazette.co.uk

MoJ rules out review of legal aid repayment interest – Law Society’s Gazette

Posted May 12th, 2016 in interest, legal aid, Ministry of Justice, news, repayment by sally

‘The Ministry of Justice has ruled out reviewing the 8% rate of interest it charges when legal aid has to be repaid – even though the Bank of England continues to hold UK interest rates at 0.5%.’

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Law Society’s Gazette, 11th May 2016

Source: www.lawgazette.co.uk

Don’t Overlook Overeaching – Tanfield Chambers

Posted April 26th, 2016 in banking, constructive trusts, conveyancing, interest, mortgages, news by sally

‘The case of AIB Group (UK) plc v Turner [2015] EWHC 2994 (Ch), heard over a number of days in the Birmingham District Registry towards the end of 2015, is something of a puzzle.’

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Tanfield Chambers, 22nd April 2016

Source: www.tanfieldchambers.co.uk

Libor trial: former Barclays bankers were ‘driven by money’ – The Guardian

Posted April 7th, 2016 in banking, conspiracy, fraud, interest, news by sally

‘Five former Barclays bankers accused of conspiring to rig Libor interest rates were “driven by money” and their offence “is no different from stealing,” a court has been told.’

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The Guardian, 5th April 2016

Source: www.guardian.co.uk

Five new laws coming in today and how they will affect you – The Independent

Posted April 7th, 2016 in banking, capital gains tax, dogs, interest, news, pensions, visas by sally

‘Following the introduction of the National Living Wage and unwelcome increases to council tax, today sees another wave of new laws come into force in the UK.’

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The Independent, 6th April 2016

Source: www.independent.co.uk

Ten new laws that come into force in April 2016 – and how they affect you – The Independent

‘April 2016 is a month of big changes for people living and working in the UK. A number of new laws and policies are coming into force, affecting just about everyone from public sector workers to dog owners. Here’s what the new laws could mean for you.’

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The Independent, 3rd April 2016

Source: www.independent.co.uk

Jailed Libor trader Tom Hayes must pay more than £878,000 – The Guardian

Posted March 24th, 2016 in banking, confiscation, fraud, interest, legal aid, news, proceeds of crime by tracey

‘Tom Hayes, the former star trader serving an 11-year jail sentence for manipulating Libor interest rates, has been ordered to pay £878,806 after a court ruled the money was the proceeds of crime.’

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The Guardian, 23rd March 2016

Source: www.guardian.co.uk

Jailed Libor trader blocked from supreme court appeal – The Guardian

Posted March 10th, 2016 in appeals, banking, conspiracy, crime, fraud, interest, news, Supreme Court by sally

‘Tom Hayes, a former UBS and Citigroup trader serving an 11-year jail sentence for conspiring to rig Libor global interest rates, has been blocked from appealing to the supreme court against his conviction.’

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The Guardian, 8th March 2016

Source: www.guardian.co.uk

LIBOR case transferred to Financial List despite need for new judge – Litigation Futures

Posted March 1st, 2016 in banking, case management, courts, damages, financial regulation, interest, judges, news by sally

‘A claim against Royal Bank of Scotland (RBS), including allegations of rigging the LIBOR rate, has been transferred to the new Financial List even though the move means bringing in a new judge.’

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Litigation Futures, 1st March 2016

Source: www.litigationfutures.com

Libor trial: It was the prosecution that couldn’t go wrong… until it did – The Independent

Posted February 10th, 2016 in banking, fraud, interest, news, prosecutions, trials by sally

‘By day four of the trial, one of the jurors had fallen asleep. Liam Vaughan reports on how the Serious Fraud Office’s case against six City brokers accused of conspiring with Tom Hayes came to grief amid a welter of jargon and inconsistencies.’

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The Independent, 10th November 2016

Source: www.independent.co.uk

Libor trial: Five brokers found not guilty of helping to rig rates – The Independent

Posted January 28th, 2016 in banking, conspiracy, fraud, interest, news by sally

‘Five former brokers, who were accused of helping the convicted trader Tom Hayes to rig benchmark interest rates, have walked free after a jury acquitted them.’

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The Independent, 28th January 2016

Source: www.independent.co.uk

Defendant with counterclaim not entitled to benefits of claimant’s part 36 offer, High Court rules – Litigation Futures

Posted December 7th, 2015 in civil procedure rules, interest, news, part 36 offers by sally

‘A part 36 offer made by a defendant with a counterclaim is not “automatically to be regarded as a claimant’s offer”, the High Court has ruled.’

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Litigation Futures, 7th December 2015

Source: www.litigationfutures.com

Over egging it – Nearly Legal

‘This was a Court of Appeal hearing on an appeal on costs. The original case was the landlord’s claim for rent arrears of some £6,000 and interest. The landlord also claimed for physical damage to the property by the tenant amounting to some £20,000 and consequential loss of rent. The tenant agreed some £6,000 in rent arrears, but denied the property damage. The tenant counterclaimed for failure to repair the property and breach of quiet enjoyment. The tenant also challenged the landlord’s identity as landlord and the interest rate claimed.’

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Nearly Legal, 9th November 2015

Source: www.nearlylegal.co.uk

Teenager killed himself hours after Wonga cleared out his account – The Guardian

‘A disabled teenager killed himself on the same day that the payday loans company Wonga cleared out his bank account, it has been revealed.’
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The Guardian, 25th September 2015

Source: www.guardian.co.uk

Is equity release still a dirty word? – BBC News

Posted September 21st, 2015 in interest, loans, mortgages, news by sally

‘Whether you’re considering a cruise, a new kitchen, or just giving money to the children, the thought of liberating that cash from the value of your house is enticing.’

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BBC News, 19th September 2015

Source: www.bbc.co.uk

14 years in jail for Libor rigging? The judge makes a persuasive case – The Guardian

Posted August 5th, 2015 in banking, extradition, fraud, interest, news, plea bargaining, sentencing by sally

‘Yes, Tom Hayes was given a bigger sentence than a rapist might get – but it seems to be in keeping with sentencing guidelines and the principle of deterrence.’

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The Guardian, 4th August 2015

Source: www.guardian.co.uk

Former City trader Tom Hayes given 14-year sentence for Libor rigging – The Guardian

Posted August 4th, 2015 in banking, conspiracy, fraud, interest, news, sentencing by sally

‘Former City trader Tom Hayes has been sentenced to 14 years in jail after becoming the first person to be convicted by a jury of rigging the Libor interest rate.’

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The Guardian, 3rd August 2015

Source: www.guardian.co.uk