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General election 2024: what does it mean for international trade?
Posted: 20/06/2024
The biggest issue currently facing international trade is sanctions, against a turbulent geopolitical background. Our work advising banks that provide trade finance internationally on this area continues to increase, even though sanctions will be impacted far more by the U.S. election than the UK General Election. While there is little in the manifestos......>>
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......>>
Representations, reverse engineering, and Russian dolls: a case study in complexity in Loreley v Credit Suisse
Posted: 22/02/2024
Most businesses presume that their counterparts are honest. But can you claim for misrepresentation if that presumption proves wrong? In Loreley Financing (Jersey) No 30 Ltd v Credit Suisse Securities (Europe) Ltd & Ors [2023] EWHC 2759 (Comm), the court confirmed that the answer, generally, is no. Rejecting the fraudulent......>>
Will US approvals of cryptoasset ETFs cause a similar response in the UK?
Posted: 05/02/2024
A compromised government ‘X’ account, volatility which would send most retail investors running for the hills, and a regulatory development which saw US$4.6 billion in a newly legal financial instrument traded on day one…just another normal day in crypto. On 10 January 2024, the United States of America’s Securities and Exchange Commission......>>
A clash of courts: foreign law disputes in the English courts (Banca Intesa v Venezia)
Posted: 02/01/2024
The Court of Appeal has overturned the Commercial Court’s decision on the validity of an interest rate swap transaction between an Italian authority and two Italian banks. In Banca Intesa Sanpaolo SPA & Anor v Comune Di Venezia [2022] EWHC 2586 (Comm), the appeal court ruled that the swaps between Banca Intesa Sanpaolo SPA......>>

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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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