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Results: 1-10 of 15

Good news for the insurance industry

  • RPC
  • -
  • United Kingdom
  • -
  • July 13 2007

In a recent decision on two linked cases (Bunney v Burns Anderson Plc & Anor and Cahill v Timothy James & Partners Limited), the High Court held that the Financial Ombudsman Service may not make a binding award requiring a redress payment in excess of £100k

Round up

  • RPC
  • -
  • United Kingdom
  • -
  • November 19 2008

This year saw another IFA try to take a stand against the Financial Ombudsman Service

FOS does not breach human rights

  • RPC
  • -
  • United Kingdom
  • -
  • July 7 2011

The FOS’s compliance with fundamental principles of justice was thrown into the spotlight by last week’s ECHR decision in the cause célèbre case of Heather Moor & Edgecomb Limited (HME) v UK (FOS

Breaching the perimeter twice could be enough to be ‘by way of business’

  • RPC
  • -
  • United Kingdom
  • -
  • June 1 2012

The Court of Appeal has held that an individual who accepted deposits on two separate occasions, that were over 18 months apart, may be liable to conviction for carrying on an unauthorised regulated activity, contrary to the general prohibition (s.19 and 23 FSMA 2000

FSA enquiry evidence no longer remains confidential

  • RPC
  • -
  • United Kingdom
  • -
  • July 9 2007

A Court of Appeal ruling has caused uproar and may have jeopardised the FSA’s capacity for gathering information

A word of ‘advice’

  • RPC
  • -
  • United Kingdom
  • -
  • September 22 2011

‘Advice’ is a loaded word

All aboard the causation bandwagon

  • RPC
  • -
  • United Kingdom
  • -
  • October 14 2011

Like the proverbial buses that eventually arrive in pairs, at a time when there has been much controversy about the issue of causation, it is ironic that there have now been two significant High Court judgments setting the position within the regulated sector in stark contrast to the general law as interpreted by the Courts

Class actions in the UK - the Financial Services Bill

  • RPC
  • -
  • United Kingdom
  • -
  • March 22 2010

D&O and PI insurers could face an increase in high-value claims if the Financial Services Bill, currently at the Committee Stage in the House of Lords, is adopted

Misselling of leveraged notes: not a marginal call

  • RPC
  • -
  • United Kingdom
  • -
  • April 16 2013

In Al Sulaiman v Credit Suisse Securities (Europe) Limited the Commercial Court considered a claim for breach of duty in recommending investments

First reported interest rate swap mis-selling claim crumbles

  • RPC
  • -
  • United Kingdom
  • -
  • January 29 2013

Interest rate hedging products are sold in a variety of forms swaps, caps, collars and structured collars, to name but a few. Their objective is to