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Commercial Court highlights the importance of how default interest clauses are drafted

United Kingdom - January 16 2018 On 29 March 2017, Mr Justice Blair (the Judge) in the Commercial Court gave summary judgment for US$3 billion in proceedings relating to a Eurobond…

Clare Stothard, Felicity Ewing, Kerry Talbot, Steven Mills, Thomas Leyland.

Is it all getting a bit out of hand? FCA Consultation Paper 17/40 on transitioning FCA firms and individuals to the Senior Managers and Certification Regime (SMCR)

United Kingdom - January 30 2018 The SMCR for banks has now been in place for almost two years, but only a few months after it was implemented, statutory amendments were made to allow…

Alexandra Doucas, Celyn Armstrong, Katharine Harle.

COVID-19: Managing the fraud risk in the current crisis

United Kingdom - April 3 2020 In times of crisis, incidences of fraud and dishonest behaviour invariably increase. The crisis caused by the outbreak of COVID-19 will be no…

Daren Allen, Katharine Harle, Marija Brackovic, Neil Griffiths, Virginia K Allen.

Priorities and trends in FCA enforcement - where should firms direct their resources?

United Kingdom - August 21 2019 The Financial Conduct Authority (FCA) recently published its latest Enforcement Annual Performance Report, covering the reporting year ending 31…

Celyn Armstrong, Katharine Harle.

Effecting service of proceedings on uncommunicative defendants

United Kingdom - January 16 2018 In this case, the High Court considered whether valid service had been effected upon two defendants based outside of the jurisdiction who had shown no…

Clare Stothard, Felicity Ewing, Kerry Talbot, Steven Mills, Thomas Leyland.