In Practice
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Decentralised infrastructure may not shield trading platforms from securities claims
In Lee et al. v Binance , No. 22-972, 2024 U.S. App. LEXIS 5616, 96 F.4th 129 (2d Cir. March 8, 2024), the US Court of Appeals for the Second Circuit reversed the district court’s dismissal of securities fraud class action claims against Binance, an international cryptoasset platform. The Court of Appeals held that purchasers plausibly alleged that transactions on the exchange which disclaimed having any physical location were domestic, thereby potentially subjecting Binance to US securities laws.
30 September 2024Retrieval augmented generation in LLMs: AI for lawyers
In this In Practice article, we consider how understanding technical advances in AI systems helps lawyers engage with them and understand how their roles will be changed by them.
29 July 2024Lending transactions: putting the power in powers of attorney
In this In Practice article, Charles Malpass and Roxanne Paes consider the use of powers of attorney in the context of lending transactions and how they can be a helpful tool for lenders, when correctly drafted and executed.
29 July 2024Beware of regulators bearing gifts
Offering credit for co-operation in enforcement is a consistent message on both sides of the Atlantic. But as regulators dangle the co-operation carrot of speedier resolution, reduced fines, and public statements of commendation, are there pitfalls for firms?
29 July 2024SRA warning on the conduct of mass financial mis-selling claims: what will be the impact on motor finance claims?
In September 2024, the Financial Conduct Authority (FCA) is due to report on its review of motor finance Discretionary Interest Commission arrangements (DICs). The report may lead to a redress scheme on a level with that seen previously for managing Payment Protection Insurance (PPI) claims. Given the FCA intervention and campaigns from consumer groups, financial institutions are preparing for an inevitable surge in consumer claims, which are expected to allege unfair relationships arising from non-disclosure of commission in a DIC arrangement.
26 July 2024IMN Euro CLO Forum 2024 key takeaways
IMN’s 11th annual Euro CLO Forum took place in London in March 2024. Below is a summary of the event’s key takeaways and industry perspectives from the conference.
29 June 2024Be careful what you register: Re VE Global UK Ltd
In this In Practice article the authors consider the recent case of Re VE Global UK Ltd (Binyon & another v Suzerain Investment Holdings Ltd & others [2024] EWHC 749 (Ch)) which concerned whether a debenture was void against administrators where only a subsequent amendment agreement had been registered at Companies House.
29 June 2024Advising a guarantor
In this In Practice article James Bell looks at issues to consider when protecting the guarantor’s position in finance transactions and how that might be negotiated.
28 June 2024The future of UK green finance policy and implications for the banking sector
On 9 November, Chancellor of the Exchequer Rishi Sunak delivered a statement to the House of Commons setting out the government’s ambition for the future of UK financial services. One of the core objectives of the government’s policy is to position the UK as a global leader in green finance ahead of the 2021 United Nations Climate Change Conference (COP 26), and the statement sets out a host of new proposals aimed at supporting capital flows for the purpose of sustainable investment. Green finance is also a key tenet of the government’s broader strategy to rebuild the UK economy following the COVID-19 pandemic with a greater focus on sustainability.
13 June 2024Comparing sustainable debt products and standards
Whilst standards like the Equator Principles and the Responsible Ship Recycling Standards have been applied to specific sectors or asset classes for some time, standards with wider application to the bond and loan markets are now gaining traction. These often have different purposes and consequences for non-compliance. With regulatory frameworks and market practice still developing, further innovation in sustainable debt standards and the refinement of existing standards is expected.
13 June 2024
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