DLA Piper
DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. With one of the largest specialist banking and finance litigation teams in the world, we are well positioned to help companies with their legal needs. “The team is made up of top-notch lawyers who are down to earth and a pleasure to work with; they have great expertise” (Chambers & Partners UK 2022). The UK team acts for hundreds of financial institutions, including all the major UK clearing banks and provides advice and representation to banks, mortgage banks, building societies, finance houses, factors and invoice discounters and merchant acquirers as well as regulatory authorities. See our website at dlapiper.com Chambers & Partners 2025:"DLA Piper is a specialist in its field. The team is confident and creative in its advice and offers a real collaborative approach."
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The proposed reforms to the financial promotions regime for consumer credit: a move to an outcomes-based approach
The overarching requirement that financial promotions must be “fair, clear and not misleading” remains unchanged. However, firms will have greater discretion in how they meet this standard, with less reliance on detailed CONC rules and more emphasis on their own judgement. In practice, compliance will increasingly be assessed by reference to whether communications deliver good consumer outcomes – particularly in terms of consumer understanding under PRIN 2A.5. This In Practice article reviews the key changes.
26 JUL 2026Beyond the nuclear option: collective action problems in fund governance
The removal of a general partner (GP) from an investment fund is among the most serious actions limited partners (LPs) can take. The collapse of the Abraaj Group in 2018 brought renewed scrutiny to the complexities of GP removal. It exposed the underlying structural and co-ordination issues in private fund governance.
4 MAY 2026Is “name and shame” here to stay? Court dismisses challenge to FCA’s decision to publicly name
In this In Practice article the authors consider R (CIT (an anonymised company)) v Financial Conduct Authority (No.1) [2025] EWHC 2614 (Admin), and R (on the application of Claims Protection Agency Ltd) v Financial Conduct Authority (No. 2) [2025] EWHC 2615 (Admin) in which the High Court upheld the Financial Conduct Authority’s decision to name a regulated firm as the subject of an investigation.
8 FEB 2026Practical considerations for data protection and cybersecurity when deploying AI
The adoption of AI is accelerating across the UK financial services sector. Accordingly, institutions must navigate a complex landscape of regulatory expectations, technological risks and ethical responsibilities. The goal is to remain agile, while aligning with core compliance requirements.
22 NOV 2025Court of Appeal upholds established principles to reject novel claim for crypto growth losses
In BSV Claims v Bittylicious [2025] EWCA Civ 661, the English Court of Appeal handed down a significant judgment on quantifying losses in cryptocurrency claims. In this In Practice article the authors summarise the decision and provide some practical takeaways.
28 JUL 2025Merricks v Mastercard settlement: CAT clips litigation funders’ wings
In unwelcome news for litigation funders, the Competition Appeal Tribunal has ruled that a contested £200m settlement of an “opt-out” class action, once estimated to be worth £14bn, is just and reasonable.
6 MAY 2025Court of Appeal decision on Motor Finance: lenders’ secondary liabilities
There has been significany commentary following the Court of Appeal's decision in Johnson v FirstRand Bank LTD [2024] EWCV Civ 1282 regarding liability for undisclosed motor finance commissions. This is not surprising given the unexpected nature of the decision, its impact on the motor finance industry, and potential to impact other industries which use intermediaries remunerated by commissions from product providers. The decision will be reviewed by the Supreme Court in April.
This In Practice article examines the Court of Appeal’s approach to the lenders’ secondary liability for a credit broker’s breach of fiduciary duty, which we consider is ripe for criticism by the Supreme Court.
A SIPP from the devil’s cup: Adams v Options UK Personal Pensions appeal
In this In Practice article, the authors consider the Court of Appeal decision in Adams v Options UK Personal Pensions1 in which a regulated firm was found liable because its unregulated introducer “encouraged” clients to enter investments.
1 SEP 2021Operative and material? Ten years later: setting aside a judgment for fraud
In Balber Kaur Takhar v Gracefield Developments,1 Steven Gasztowicz QC, sitting in the High Court as a deputy High Court judge, set aside a judgment issued ten years earlier on the basis it had been procured by fraud. The court considered the correct test to apply when setting aside a judgment for fraud – which ultimately turns on whether the fraud is operative and material.
1 FEB 2021Expectations of privacy for individuals under investigation
The appeal in ZXC v Bloomberg is expected to be heard by the Supreme Court later this year. The outcome of this appeal could diminish the expectation of privacy currently afforded to individuals under investigation by law enforcement agencies. With the law on corporate criminal liability under review by the Law Commission, and a growing appetite for claims against senior executives in the financial services sector, this is a case to watch. This piece provides a refresher on the rights currently conferred on suspects.
1 MAY 2021
