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How will the Conservatives and Labour help support the fintech sector?
Posted: 02/07/2024
The Conservatives’ promises for fintech are largely contained within the Edinburgh Reforms, the Mansion House Compact and the Future of Payments Review, which taken together set out what we can expect for fintech if the Conservatives were to continue in government. Interestingly, Labour’s approach to fintech and financial services......>>
When can you obtain judgment against an ‘unknown’ defendant? Mooij v Persons Unknown
Posted: 27/06/2024
In a recent High Court case, Mooij v Persons Unknown, the court granted summary judgment for a monetary amount against unknown crypto-fraudsters. This decision is significant because it confirms that while enforcing a judgment against an unknown defendant may be difficult, it is not a reason not to grant it. The case also highlights......>>
Banks have new duties to protect consumers – so why can’t consumers sue for breach?
Posted: 18/06/2024
Fairness to consumers, and the integrity of the financial markets, underpin the new duties being imposed on financial institutions in 2024. But is it fair that a consumer can only seek redress for breach from an ombudsman, and not the court? And why do consumers not have a private right of action for breach of these duties, when such a right......>>
Are fraudsters (soul)bound to fail? An overview of soulbound tokens and their use in fighting fraud
Posted: 04/04/2024
A recent judgment of the High Court of Singapore has authorised the tokenisation of a worldwide freezing order as a soulbound token (SBT), to be attached to private (cold) wallets associated with fraud via a ‘souldrop’ (largely equivalent to an NFT-airdrop). The SBT, which permanently attaches to the cold wallet, not only serves the court documents......>>
Can pensions expose you to criminal liabilities?
Posted: 14/03/2024
The short answer is yes; that is because the law specifically provides for it now in certain circumstances. The risks associated with defined benefit or final salary pension schemes are not purely financial ones. You may know that The Pensions Regulator (TPR) has powers to order a contribution to be made to, or another form of financial support......>>

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E-Bulletins

Finance Focus - August 2023
Welcome to the latest edition of our Finance Focus, looking at some of the legal issues our financial services sector clients have been experiencing over the last few months. For trade financiers, the key security role of the bill of lading is facing a further challenge following the Unicredit Bank AG v Euronav NV case while for those in the world.

Finance Focus - May 2023
Welcome to the latest edition of Finance Focus. In this issue, we continue to cover a range of topics of relevance to clients operating in the financial services sector. For almost as long as I have been involved with the law of trade finance the digitalisation of international trade has been an objective tantalisingly out of reach.

Finance Focus - November 2022
No doubt clients and colleagues outside the UK have observed with interest how the UK political landscape has recently been buffeted and overturned by market forces.

Finance Focus - May 2022
In our February Finance Focus we highlighted the likely sanctions that would result from a Russian invasion or incursion into Ukraine. The devastating military action that followed has meant that many of those sanctions predictions are now in place and likely to remain so for some time ahead.

Finance Focus - February 2022
There never seems to be a dull moment in the world of finance. As the UK starts to emerge this spring from pandemic restrictions, the Ukraine crisis threatens to bring new trade restrictions. In this issue of Finance Focus, we start by looking at the likely impact on trade and commodity finance that such restrictions might bring.

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