In a stark reminder to UK-domiciled multinationals of the responsibilities and liabilities arising from the activities of their foreign subsidiaries, John Day outlines how the UK Supreme Court has ruled that 1,826 Zambian citizens can have their claims of negligence and breach of statutory duty heard in England in regard to the unlawful dumping of toxic waste.
The Financial Conduct Authority’s (FCA) final notice in regard to the Halifax Bank of Scotland (HBOS) Reading fraud poses some serious questions for the FCA and the Dobbs Review, according to banking litigation solicitor Michael Sparkes. By DS Law The FCA Final Notice issued by the FCA on 20 June 2019 accompanied its fine of…
The Financial Conduct Authority (FCA) has fined Bank of Scotland (BOS) £45.5 million for failing to report its suspicions in relation to the Halifax Bank of Scotland (HBOS) Reading fraud during the period 3 May 2007 and 16 January 2009, when HBOS and BOS were formally acquired by Lloyds Banking Group (the Relevant Period). The…
More than two years on from the start of the LIBOR scandal the English Court awaits the trial of its first test case into LIBOR manipulation. All eyes were on Graiseley[1]and Unitech[2] in November 2013 when they were granted permission by the Court of Appeal to amend their pleadings against Barclays and Deutsche Bank respectively to…