In Seymour Pierce Limited v Grandtop International Holdings Limited 2010 EWHC 676 (QB) Mr Justice Eady upheld a "tail-gunner" clause in a financial adviser's engagement letter and awarded a success fee to the financial adviser after its former client completed a takeover of Birmingham City Football Club (with a different adviser) and even though its original retainer had been terminated.
The European Commission has published a Communication which sets out its thinking on how the financial sector could contribute to the cost of financing the resolution of failing banks.
The Financial Secretary to the Treasury, Mark Hoban MP, has announced that the Government will take forward a Bill to enable payments to be made in relation to Equitable Life, as included in the Queen's Speech to Parliament.
The British Bankers' Association (BBA) has issued a short press statement on the Queen's Speech.
The FSA has published an updated version of a paper in which it explains its role under the Payment Services Regulations 2009 (PSRs).
A former inter-dealer broker has been prohibited in connection with deliberate unauthorised trades.
The British Bankers' Association (BBA) has issued a short press statement concerning the European Commission's proposal on bank resolution funds.
The International Swaps and Derivatives Association (ISDA) has made a statement in light of the continued focus on the role of credit default swaps (CDS) in the global market place.
The Financial Ombudsman Service (FOS) has published an online technical resource note that explains the "six-month time limit" for referring complaints to it.
The International Organization of Securities Commissions (IOSCO) has published a final report which sets out principles regarding cross-border supervisory cooperation.