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English court gives guidance on when a person is “politically exposed” for AML purposes

United Kingdom - October 16 2018 In a much-anticipated decision, the High Court this week upheld the UK's first Unexplained Wealth Order ("UWO"). The subject of the UWO, originally…

Jeremy Holden.

When is a trust not a trust?

United Kingdom - October 20 2017 This latest judgment in the long-running Pugachev litigation highlights that a settlor cannot avail themselves of the benefits of putting assets in…

Bank entitled to terminate its relationship without notice

United Kingdom - September 20 2019 In a helpful precedent for banks, concerns that an authorised payment institution's customer sub-accounts were vulnerable…

Thomas Ajose, Chris Roberts.

Will he or won’t he? Can a corporate litigant plead impecuniosity when its controlling shareholder has the means to make a payment ordered by the English Courts?

United Kingdom - January 22 2018 English courts recognise that shareholders hold a separate legal personality from the body corporate they own a stake in and will only go behind the…

Craig Holburd.

A “Skilled Person’s Report” is held to be disclosable in litigation

United Kingdom - December 16 2016 An order in a recent case for disclosure of a report commissioned on the instructions of the Financial Services Authority ("FSA") pursuant to section…

Guy Wilkes.