Author Archives: Christopher Wilsher

Amigo sub-prime lender scheme of arrangement rejected by court

The High Court has agreed with the FCA to reject a scheme of arrangement proposed by subprime lender Amigo, on the grounds that the compensation scheme it proposed to deal with complaints of misselling was not fair. This is a …

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Is Business travel now allowed? Deciphering the latest Covid-19 travel rules

This past week has seen the latest relaxation of restrictions in accordance with the government’s roadmap to normality. This article sets out the new rules and guidance for employers, particularly for business travel to and from England. Can you travel …

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Making a success of UK-US cross-border estate planning

It is said that the US and UK are two countries divided by a common language. When it comes to tax and succession law this often bears out; the fact that both countries use similar terminology (like ‘domicile’, ‘trust’ or …

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Lack of transparency connected with shadow banking increases risks of losses for banks

In some ways, the recent losses incurred by banks such as Credit Suisse through their exposures to Archegos Capital Management and Greensill Capital had very different causes. Whereas banks provided family office Archegos with prime brokerage finance to invest in …

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Arbitration and Foreign Governments: Peers debate transparency vs. confidentiality

In a decision due to have an impact on the arbitration activities of leading lawyers, on 20 April 2021, the House of Lords Conduct Committee agreed to the tougher transparency regime proposed in their report on “Registration of members’ foreign …

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MP’s call for a ban on ‘greenwashing’ in financial services firms

Greenwashing is coming under increasing scrutiny from all angles, including MPs, regulators, NGOs and the general public.  It is also likely to give rise to legal claims, if investors and shareholders consider they have been misled about a company’s environmental …

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Fraud and asset recovery in the crypto space

The largely unregulated nature of the cryptocurrency space has, on occasion, made it a target for fraudsters. However, a recent High Court decision might assist victims to recover stolen cryptocurrency and other digital assets. The Claimants had been induced to …

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LIBOR TRANSITION UPDATE: q1 2021

FCA announcement on future cessation and loss of representativeness of the LIBOR benchmarks In March this year, the FCA confirmed that all 35 LIBOR settings will either cease to be published by the ICE Benchmark Administration and/or will no longer …

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Bank of England & Treasury announce taskforce to explore UK Central Bank Digital Currency

The Bank of England and HM Treasury have announced the creation of a Central Bank Digital Currency (CBDC) Taskforce, tasked with the exploring the establishment of a UK CBDC. A CBDC would be a new form of digital money issued …

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Insurance industry dips its toes into the digital assets space

The insurance industry is dipping its toes into the digital assets space, and it’s good news. This week, NYDIG, a company which provides Bitcoin focused asset management, custodial and technology solutions secured $100m in investment from some of the US’s …

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