The High Court has imposed custodial sentences on two Defendants who had been found to be in contempt of Court after breaching a Freezing Injunction over a company's assets. The shareholder and company director were sentenced to nine months and six months imprisonment respectively; "the...
This week saw the long-anticipated victory parade in London for our Olympic and Paralympic athletes. When they started their sport as a hobby, it would have been difficult for our Olympic medal winners to predict how much their life could one day be changed by their...
You can't have failed to notice the recent headlines concerning the misdemeanours of the banking and financial industries. First we had the mis-selling of payment protection insurance which led to banks setting aside billions of pounds to compensate customers. This was followed by the recent...
The Law Commission have outlined proposals to give consumers greater protection from unfair terms hidden within small print. The Unfair Contract Terms Act 1977 (UCTA) and the Sale of Goods Act 1979 (SGA) apply to contracts generally and consumers currently have additional protection by virtue of...
On 27th June Barclays disclosed that it had been fined a record £290m by the Financial Services Authority (FSA) for manipulating the London inter-bank offered rate (Libor). The benchmark interest rate is intended to reflect the average rate at which the large London-based international banks can...