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UK Finance Disputes and Regulatory Investigations Blog Blog

Articles: 1-10 of 116

Banks avoid liability for failed tax relief plans under film-investment scheme

United Kingdom - January 17 2020 Litigation surrounding film finance schemes continues to rumble on in the High Court. Earlier this month, the High Court in Barness v Ingenious Media…

New Year’s Resolutions: FCA warns insurance firms to tackle non-financial misconduct

United Kingdom - January 14 2020 On 6 January 2020, the FCA published a letter addressed to the CEOs of general insurance firms. This letter sets out the FCA’s expectations for firms…

5MLD - Money Laundering and Terrorist Financing (Amendment) Regulations 2019

European Union - January 10 2020 Back in May 2018, the European Parliament and Council of the European Union published Directive (EU) 2018/843, otherwise known as the Fifth Money…

FCA fines CMC £70,000 for misleading customers

United Kingdom - December 23 2019 The Financial Conduct Authority (“FCA”) has issued its first fine to a claims management company since it took over the regulation of the claims…

FOS announces fee hike in 2020 because of more complex cases

United Kingdom - December 20 2019 The Financial Ombudsman Service (“FOS”), the body responsible for resolving disputes between consumers, smaller businesses and financial services…

High Court finds Genworth Financial Inc. liable for 90% of AXA’s PPI misselling losses

United Kingdom - December 16 2019 Last week, the High Court found Genworth Financial Inc. (“Genworth“), liable to pay losses to AXA in the potential sum of £265 million, in respect of…

Watch out! Communications referenced/reproduced in settlement agreements might lose without prejudice or litigation privilege from production

United Kingdom - December 5 2019 In BGC Brokers LP & others v Tradition (UK) Ltd & others, the Court of Appeal dismissed BGC Brokers LP’s (“Claimant“) appeal against an order allowing…

Responsible Investment Framework: IA aims to increase clarity and consistency

United Kingdom - December 4 2019 The Investment Association (IA) published the Final Report on its Responsible Investment Framework on 18 November 2019 (the Report). The Report was…

Claimants fall foul of time bar restrictions in lender overvaluation case

United Kingdom - November 29 2019 In Howard and another v Bank of Scotland plc [2019] a claim by borrowers alleging that their lender negligently overvalued their property, was struck…

Freezing Order can cover cryptocurrency

United Kingdom - November 22 2019 The recently reported High Court decision in Vorotyntseva v Money-4 Ltd (T/A Nebus.com) shows that freezing orders can cover Bitcoin and ethereum…