Philip Rubens

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Decision on the applicability of CPR 83.7

This is a very recent decision on the applicability of CPR 83.7 and whether “special circumstances” had arisen which would render it inexpedient to enforce the judgment. The Court decided all recourse against the arbitration awards had already been exhausted and there was no legitimate basis for granting a …

FCA indicated intent to cut backredress schemes

The FCA has recently indicated that it intends to severely cut back on the number of redress schemes so this case may be one of the last assuming that the FCA succeeds before the Supreme Court. Bluecrest is appealing the decision of the Court of Appeal . The background is …

Final Notice has been issued by the FCA against Jes Staley

Barclays Bank will be hoping that the whole Jeffrey Epstein saga has come to an end following the Final Notice which has been issued by the FCA against Jes Staley. Often with regulatory findings there is subsequent civil litigation. In this case there is a class action in California …

Senior Managers and Certification Regime (SMCR)

Senior Managers and Certification Regime (SMCR) is a UK financial services regulatory framework introduced by the Financial Conduct Authority (FCA) in 2016. The SMCR was created to ensure that individuals in the financial services industry are held personally accountable for their actions and to increase the level of trust …

Economic Torts English Law

Economic torts are a complex area of law that arise when someone suffers a loss as a result of another person’s unlawful conduct. The aim of economic torts is to protect people from a range of activities that cause harm to their business interests. Under English law, economic torts …

International Arbitration

Philip Rubens | December 2022 The field of international arbitration has undergone significant changes in recent years. The use of technology, the rapid growth of alternative dispute resolution (ADR) methods, and the expansion of the scope of international arbitration have all led to an increased demand for skilled practitioners …

Vanquis v TMS Legal: A Landmark Claim Moves to Trial

The consumer credit sector is watching a monumental legal battle unfold. Vanquis Bank has launched high-profile litigation against Bournemouth-based solicitors TMS Legal. The core of the dispute revolves around tens of thousands of “irresponsible lending” complaints submitted on behalf of borrowers. Vanquis alleges these claims were weak or entirely unmeritorious,

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ESG Ratings Regulation: A New Era of Transparency for UK Investors

For hedge funds and long-term investors, Environmental, Social, and Governance (ESG) factors have evolved from a niche consideration into a fundamental driver of capital allocation. However, the data underpinning these decisions has often been criticised for being opaque, inconsistent, and difficult to compare. Recognising the systemic risks posed by this

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Understanding Commercial Litigation: Key Insights and Strategies

Navigating commercial litigation can be complex and daunting. Whether you are facing a breach of contract, a shareholder dispute, or an intellectual property infringement, understanding the legal landscape is crucial to protecting your business interests. This guide explores essential insights and effective strategies to help you manage these challenges with

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GP-Led Secondaries: The Regulatory Risks of Private Equity Transfers

The private equity landscape is shifting. As exit opportunities in the public markets fluctuate, fund managers are increasingly turning to internal solutions to manage their portfolios. One specific practice has caught the attention of regulators and investors alike: intra-group asset transfers. Often referred to as GP-led secondaries or continuation vehicles,

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