BANKING LITIGATION PODCAST EPISODE 27: MONTHLY UPDATE – MAY/JUNE 2021

    We have just released our monthly update podcast, in which we discuss and debate the key recent judgments likely to be of interest to financial institutions. This episode is hosted by John Corrie, a partner in our banking litigation team, who is joined by Ceri Morgan and special guest Annabel Davis. You can also listen … Read more

    Court of Appeal determines that a fiduciary relationship is not a necessary pre-condition to relief in respect of an undisclosed commission paid to an agent

    The Court of Appeal has found that a fiduciary relationship is not a necessary pre-condition to relief in respect of an undisclosed commission paid to an agent. Instead, the court should determine whether the agent was obliged to provide information, advice or recommendation on an impartial or disinterested basis, saying that “it is the duty … Read more

    UK post-Brexit reform: Financial Services Act 2021

    On 29 April 2021, the Financial Services Act 2021 received royal assent. The Act is a milestone in implementing the UK Government’s wider Future Regulatory Framework initiative and represents the first major step towards HM Government’s objective of maintaining the competitive position of the UK financial services industry whilst capitalising on new opportunities following the … Read more

    LIBOR transition: critical FCA consultation on “tough legacy” definition

    The FCA has published an important consultation in respect of its enhanced powers under the UK’s legislative solution for the transition of so-called “tough legacy” LIBOR contracts, including the all-important question as to which legacy LIBOR contracts will be within the scope of the legislative fix: Benchmarks Regulation: how we propose to use our powers … Read more

    Herbert Smith Freehills launches new Climate Change Notes blog

    We are delighted to announce the launch of our new Climate Change Notes blog. With climate change experts across our global network, Herbert Smith Freehills is at the forefront of major developments. On our Climate Change Notes blog we share some of our industry-leading thinking. Covering topics like climate change trends, regulatory updates, and compliance, … Read more