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Criminal Law Blog

15 December 2017

FCA fine AIM-listed company for failure to disclose inside information in line with Market Abuse Regulations

The Financial Conduct Authority (FCA)  published a Final Notice against Tejoori Limited (Tejoori), fining them £70,000 for failing to inform the market of inside information as required by Article 17(1) of the Market Abuse Regulation.  

28 November 2017

Sanctions and AML: first #BREXIT bill makes its way through Parliament

With all eyes focused on the EU Withdrawal Bill, the Sanctions and Anti-Money Laundering Bill (“the Bill”) is making its way through the Houses of Parliament with very little attention.  This is somewhat surprising given that it is the first of the so-called “Brexit bills” to appear.

The Bill reached the House of Lords for its first reading on 18 October 2017. The next phase is for a line by line examination of the Bill, at committee stage – which begins on 21 November.

Rebecca Niblock

27 November 2017

Inferring Advice: A helpful clarification on the extent of privilege

The recent case of Edwardian Group Ltd v Singh [2017] EWHC 2805 (Ch)(“Edwardian Group”) has clarified the extent to which privilege can be claimed over documents in which legal advice is not explicitly stated but can be inferred. At a time when a string of recent authorities have appeared to limit the scope of privilege (Director of the SFO v ENRC [2017] EWHC 1017 and RBS Rights Issue in particular), it is reassuring to see a decision which reinforces the fundamental protection provided by privilege and offers assistance to a party wishing to assert a claim. 

22 November 2017

FCA: New Focus on Market Manipulation and Non-Equities Market Abuse

In a speech at the “Recent Developments in the Market Abuse Regime” conference Julia Hoggett, Director of Market Oversight at the Financial Conduct Authority (“the FCA”), signaled that the FCA will begin to focus on unearthing market manipulation and market abuse in markets outside the area of equities trading.

20 November 2017

Legal update: When an inquest is still necessary after criminal proceedings in order to comply with Article 2

In the recently reported case of R (Silvera) v HM Senior Coroner for Oxfordshire [2017] EWHC 2499 (Admin), the Divisional Court looked at the investigative duties placed on the state by Article 2 of the European Convention on Human Rights and the importance of the coronial process in ensuring that those duties have been met.

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