Monthly Archives: December 2020

FCA fines broking firm for misleading conduct

The FCA has imposed a fine on broking firm TFS-ICAP for misleading customers in the FX derivatives market. The regulator found that between 2008 and 2015, brokers at TFS-ICAP openly carried out a deceptive practice known as “printing” trades. The …

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Now is the time to review your data protection policies

The end of the Brexit transition period and a recent decision of the European Court of Justice means that your business may need to make urgent changes to your data protection policies and procedures regarding the sharing of personal data. …

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Secret Buyer of the Royal Opera House’s £13 Million David Hockney Is Its Own Board Chair—and He’s Lending It Back

Delighted to see that the Royal Opera House will be able to continue to display David Hockney’s famous portrait of the its former general…

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Cov-lite covenants leading to disputes between borrowers and lenders

The Covid-19 pandemic has meant that many businesses are needing to take on additional debt. Some have been attempting to take advantage of looser Cov-lite loan provisions to transfer assets into subsidiaries out of reach of lenders and then use …

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G7 finance officials back need to regulate digital currencies

On 7 December, finance officials from the G7 (Group of Seven) advanced economies met for their 12th meeting, in relation to the COVID-19…

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Fraud – Freezing orders, Norwich Pharmacal orders, and Bankers Trust orders

Freezing orders A freezing order acts to restrain a respondent from dealing with or disposing of its assets and is typically sought to preserve the respondent’s assets until a judgment can be obtained by the claimant and satisfied. Parties can …

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UPDATES TO THE COVID-19 TEMPORARY INSOLVENCY MEASURES UNDER THE CORPORATE INSOLVENCY AND GOVERNANCE ACT 2020

We have previously written about both the permanent changes introduced by the Corporate Insolvency and Governance Act 2020 (“CIGA”), and some of the temporary COVID-19 measures that were introduced when the Act first came into force. With England exiting its …

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Regulating Remotely – thoughts from our recent webinar

Working from the home office is now the norm for most in the financial services industry. In our recent Financial Services webinar, the speakers looked at the legal and practical implications that organisations and employees need to be aware of …

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New Quarantine Exemption for Business Travellers

The Transport Secretary has recently announced on Twitter that a new high value business traveller exemption will apply from 4am tomorrow (5th December 2020). Although official government guidance has not yet been released, the government’s brief travel update highlighted that …

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Taking evidence in international arbitration – IBA rules versus the Italian and English legal systems

The choice of arbitration as a means of alternative dispute resolution allows the parties to tailor many aspects of the process to the needs of a specific dispute. This brief guide has been prepared for Italian lawyers and provides an …

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