Category: Misleading Statements

Ivey v Genting dishonesty approved: Dishonesty to be assessed solely against the standards of ordinary, reasonable, and honest people

11 August, 2020

The Criminal Division of the Court of Appeal in the case of Barton and Booth v R [2020] EWCA Crim 575 has held that the correct test for dishonesty is that as set out in Ivey v Genting Casinos (UK) Ltd t/a Crockfords [2017] UKSC 67. Read more

FSCA levies record R1.5 billion fine against Steinhoff International Holdings N.V. for false, misleading and deceptive statements to the market

20 September, 2019

On 12 September 2019, the South African Financial Sector Conduct Authority (FSCA) announced the conclusion of its investigations into Steinhoff International Holdings N.V. (Steinhoff). The FSCA found that Steinhoff provided false, misleading or deceptive statements to the market and accordingly breached the provisions of the Financial Markets Act No. 19 of 2012 (the FMA). As … Read more