Power station firms to pay £6m after breaking market manipulation laws – The Guardian

Posted August 24th, 2021 in consumer protection, EC law, electricity, markets, news, regulations by sally

‘Two companies linked to a UK power station capable of supplying up to 1m homes are to pay £6m after breaking market manipulation laws.’

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The Guardian, 24th August 2021

Source: www.theguardian.com

Street traders lose legal challenge over “innovative product” criterion imposed by council – Local Government Lawyer

‘A High Court judge has dismissed a legal challenge brought by street traders over a council’s implementation of a regulatory framework that requires stall owners to sell products not readily available on the high street.’

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Local Government Lawyer, 10th May 2021

Source: www.localgovernmentlawyer.co.uk

Jeff King and Stephen Tierney: The House of Lords Constitution Committee reports on the United Kingdom Internal Market Bill – UK Constitutional Law Association

‘The United Kingdom Internal Market Bill is something of an imperfect storm, provoking the ire both of the devolved authorities who consider it an unacceptable circumscription of devolved competence and those aghast that the Bill empowers ministers to act contrary to the UK’s international obligations. Today the Constitution Committee reports on the measure and doesn’t pull its punches. Its highly critical analysis is informed by several evidence sessions involving academics, legal experts and prominent parliamentarians including the Lord Chancellor.’

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UK Constitutional Law Association, 16th October 2020

Source: ukconstitutionallaw.org

Haider Abdullah v Credit Suisse – Blackstone Chambers

Posted December 8th, 2017 in banking, contribution, markets, negligence, news by sally

‘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).’

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Blackstone Chambers, 27th November 2017

Source: www.blackstonechambers.com

Davis wants legal clarification from EU over Brexit payout – The Guardian

Posted August 30th, 2017 in international relations, markets, news, parliamentary papers by sally

‘David Davis’s negotiating team is demanding legal clarification from Brussels officials over its demands that the UK pay a substantial financial settlement as part of the process of quitting the European Union.’

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The Guardian, 29th August 2017

Source: www.theguardian.com

Ex-legal chief attacks Theresa May’s ‘foolish’ claim on European court of justice – The Guardian

Posted August 21st, 2017 in brexit, customs and excise, EC law, interpretation, markets, news by sally

‘Theresa May’s Brexit strategy has been thrown into new doubt as a former head of the government’s legal services ridicules the prime minister’s claim that the UK can break free of all European laws while continuing to reap the economic benefits of the EU’s single market.’

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The Guardian, 19th August 2017

Source: www.theguardian.com

Environmental Law News Update – Six Pump Court

‘In this latest Environmental Law News Update, Christopher Badger and Laura Phillips consider the Bar Council’s Brexit Working Group paper on environmental law, the publication of revised voluntary guidelines for issuing Green Bonds, and pledges by the Mayor of London for a ‘zero-emission’ city by 2050.’

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Six Pump Court, 26th June 2017

Source: www.6pumpcourt.co.uk

Financial markets test case pilot to be extended despite no cases in nearly two years – Litigation Futures

Posted June 26th, 2017 in judges, lists, markets, news, pilot schemes by sally

‘The financial markets test case pilot scheme is to be extended in time and scope because senior judges have seen its value – even though not a single case has gone through it in nearly two years.’

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Litigation Futures, 26th June 2017

Source: www.litigationfutures.com

‘Excessive pricing’ and pharmaceuticals – Law Society’s Gazette

Posted June 12th, 2017 in competition, markets, medicines, news, price fixing by sally

‘After years of limited focus on ‘excessive pricing’, in December 2016 the Competition and Markets Authority (CMA) took one decision finding that such an abuse of dominance had occurred, and issued a statement of objections in another case. Does this reflect a broad policy shift, or a reaction to specific cases of perceived opportunistic behaviour?’

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Law Society's Gazette, 12th June 2017

Source: www.lawgazette.co.uk

Rules on the portability of online content finalised – OUT-LAW.com

Posted June 9th, 2017 in EC law, internet, markets, news by sally

‘Online content service providers will be obliged to ensure that consumers in the EU can access the material they subscribe to when they are “temporarily present” in another EU country, under new rules approved by EU law makers.’

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OUT-LAW.com, 9th June 2017

Source: www.out-law.com

MPs urge government to preserve access to European legal services market – Law Society’s Gazette

Posted March 10th, 2017 in international relations, legal services, markets, news, select committees by sally

‘Preserving access to the single market in legal services is among the reasons why the government urgently needs to set out a vision for trade with the EU following Brexit, MPs say today.’

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Law Society’s Gazette, 8th March 2017

Source: www.lawgazette.co.uk

UK must remain under EU law during Brexit transition, diplomats say – The Guardian

Posted February 6th, 2017 in brexit, courts, diplomats, EC law, markets, news, referendums by sally

‘EU diplomats have warned the Foreign Office that the UK will not be able to leave the jurisdiction of the European court of justice (ECJ) if there is to be a transition period while details of Brexit are negotiated.’

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The Guardian, 3rd February 2017

Source: www.guardian.co.uk

Fresh Brexit legal challenge blocked by high court – The Guardian

Posted February 3rd, 2017 in brexit, EC law, judicial review, markets, news, parliament, referendums, treaties by sally

‘Two senior judges have blocked a legal challenge to the government’s strategy for leaving the single market and the European Economic Area.’

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The Guardian, 3rd February 2017

Source: www.guardian.co.uk

Brexit and muddled thinking – OUP Blog

Posted February 3rd, 2017 in brexit, EC law, markets, news, parliament, prerogative powers, referendums, treaties by sally

‘When Sir Ivan Rogers stepped down in January as the UK’s top official in Brussels, he urged his colleagues to “continue to challenge ill-founded arguments and muddled thinking” and not to be afraid “to speak the truth to those in power.” The implication was clear. The government’s Brexit preparations displayed all these failings but the politicians responsible did not like having this pointed out.’

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OUP Blog, 3rd February 2017

Source: www.blog.oup.com

Campaigners launch fresh Brexit legal challenge over single market – The Guardian

Posted February 3rd, 2017 in brexit, EC law, markets, news, parliament, referendums, treaties by sally

‘The government’s Brexit strategy faces a fresh legal challenge in the high court on Friday when campaigners argue that parliament must separately legislate to remove the UK from the European Economic Area (EEA) and the single market.’

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The Guardian, 3rd February 2017

Source: www.guardian.co.uk

Brave new world – Counsel

Posted December 9th, 2016 in EC law, financial regulation, freedom of movement, markets, news, passports by sally

‘How will losing passporting rights affect the UK’s financial services sector? Saima Hanif argues that the equivalence regime is not a satisfactory alternative.’

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Counsel, December 2016

Source: www.counselmagazine.co.uk

UK government faces legal challenge over single market – The Guardian

Posted November 28th, 2016 in brexit, EC law, judicial review, markets, news, referendums by tracey

‘Theresa May’s government is facing a fresh legal challenge over whether it should seek to retain membership of the single market after Brexit. Lawyers will argue that June’s referendum asked the public a single question over whether the UK should leave the EU, and did not delve into the more complex issue of economic access.’

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The Guardian, 28th November 2016

Source: www.guardian.co.uk

Traders win Court of Appeal battle over Shepherd’s Bush Market regeneration – Local Government Lawyer

Posted March 22nd, 2016 in appeals, compulsory purchase, local government, markets, news, planning by sally

‘The Court of Appeal has upheld a challenge brought by traders against a High Court ruling that the decision by former Communities Secretary Eric Pickles to confirm a compulsory purchase order for Shepherd’s Bush Market was lawful.’

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Local Government Lawyer, 21st March 2016

Source: www.localgovernmentlawyer.co.uk

Determined deterrence – what next? – White Collar Crime Blog

Posted December 3rd, 2014 in banking, financial regulation, fines, markets, news, sentencing by sally

‘The FCA’s Penalty Notices in the recent Spot FX Trading Investigation totalling £1.1 Bn set out very careful and thorough explanations of how the respective Penalties have been reached, identifying the relevant guidance and breaches of Principle. In the FCA’s Final Notice for Citibank for example, following the principles and guidance in the FCA’s Decision Procedures and Penalties Manual, the FCA expressly referred to five criteria: the need for “credible deterrence”, the nature, seriousness and impact of the breach, failures to respond adequately as regards conduct against the context of the LIBOR enforcement actions, Citibank’s previous disciplinary record and the discount applicable for settling terms “at an early stage of the Authority’s investigation”.’

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White Collar Crime Blog, 28th November 2014

Source: www.2harecourt.com

Tesco to be probed by Financial Conduct Authority – BBC News

Posted October 1st, 2014 in accountants, accounts, company directors, financial regulation, markets, news by tracey

‘Tesco says it has been notified by the Financial Conduct Authority (FCA) that it is under investigation following its admission last week that it overstated its half-year profit guidance by £250m.’

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BBC News, 1st October 2014

Source: www.bbc.co.uk