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On 13 January 2025, the Short Selling Regulations 2025 (the Regulations) were made and published on legislation.gov.uk, along with an explanatory memorandum. The Regulations will replace assimilated law concerning short selling, including the Short Selling Regulation.
The Regulations establish a new legislative framework for the regulation of short selling, which creates designated activities for…
On 13 January 2025, the Financial Services and Markets Act 2000 (Ring-fenced Bodies, Core Activities, Excluded Activities and Prohibitions) (Amendment) Order 2025 (the Order) was made and published on legislation.gov.uk, along with an explanatory memorandum.
The Order implements reforms to the bank ring-fencing regime which are intended to improve its functionality. As set out…
The California Air Resources Board (CARB) announced on December 5th that it will not pursue enforcement action in the first year of reporting for California’s SB 253, the “Climate Corporate Data Accountability Act.” The law requires entities doing business in California with total annual revenues over US$1 billion to annually report all Scope 1, Scope…
This December 2024 case pertains to a legal dispute concerning the interruption of prescription in a claim for legal fees. The appellant, a firm of attorneys, sought to recover fees for services rendered to the respondents in both their personal and representative capacities. The respondents had initially engaged the attorneys to pursue a medical negligence…
A December 2024 case involves a claim for damages by the plaintiff, who was shot by a police officer, against the Minister of Police (“defendant”). The claim arose from an incident on 10 January 2019, where the plaintiff was shot in the back by the police officer while allegedly fleeing from the police. The plaintiff…
The high court in January 2025 reaffirmed the application of the maxim caveat subscriptor (a person who signs must take care). This is a truly fundamental principle. Without it, many debts would become unenforceable and the economy would be severally affected. It is a sound principle that when someone signs a contract they are taken…
In a January 2025 judgment the Supreme Court of Appeal again affirmed the principle that where an agreement lapses automatically because of the failure to fulfil the suspensive terms of the contract, the lapsed contract cannot be amended or revived. The parties have to enter into a new agreement.
It was a condition of a…
On 9 January 2025, the Financial Conduct Authority (FCA) published its response to the independent panels’ 2023/24 annual reports.
The FCA has six independent statutory panels which represent the interests of consumers, regulated firms, and markets, and with which it is required to consult on the impact of its work, policies, and practices. They…
In a January 2025 judgment the High Court offers a stark reminder of the ethical obligations that underpin legal practice when placing information before a court. What began as a routine application for leave to appeal escalated into a significant cautionary tale, culminating in a referral of the legal practitioners to the Legal Practice Council…
