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Results: 1-6 of 6

The ECJ confirms that short term manipulation is prohibited

  • Herbert Smith Freehills LLP
  • -
  • European Union
  • -
  • November 17 2011

In July this year, the Court of First Instance of the Court of Justice of the European Union (the "ECJ") considered the interpretation of the market manipulation offence in the Market Abuse Directive (20036EC) ("MAD") in IMC Securities BV v Stichting Autoriteit Financiële Markten

Court of Appeal reduces insider dealing sentence

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • November 17 2011

In January the FSA had obtained a twenty seven month conviction for Neil Rollins, in respect of five counts of insider dealing and four counts of money laundering

First interim injunction

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • November 17 2011

The first interim injunction to prevent market abuse was obtained against Barnett Michael Alexander in May, together with an order freezing £1 million of assets

Market abuse ECJ holds in Daimler case that steps preceding a decision may constitute inside information

  • Herbert Smith Freehills LLP
  • -
  • European Union
  • -
  • June 28 2012

The European Court of Justice has today given judgment in the case of Markus Geltl v Daimler AG C-1911, holding that information about intermediate steps taken in the context of a protracted process leading towards a future event or circumstance can be precise, and therefore “inside information”; and a “reasonable expectation” that an event will occur means that there is a realistic prospect, not a high probability, that it will occur

Public bodies not obliged to provide cross-undertakings to third parties affected by freezing injunctions

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • March 21 2013

On 27 February 2013, the Supreme Court gave its judgment in The Financial Services Authority v Sinaloa Gold plc and others and Barclays Bank plc

Market abuse: ECJ holds in Daimler case that steps preceding a decision may constitute inside information

  • Herbert Smith Freehills LLP
  • -
  • European Union
  • -
  • June 29 2012

In its judgment in the case of Markus Geltl v Daimler AG C-1911 yesterday, the European Court of Justice provided clarification on the requirement that information must be "of a precise nature" to be "inside information"