Why the change in terms? Well, it's all about becoming fairer and easier to understand too. And the change comes after a review by the FCA (Financial Conduct Authority), which later encouraged companies to make changes to terms that were possibly harmful to consumers. It turns out that Klarna, Laybuy, Openpay, and Clearpay must: No […]
The Quincecare duty is in the spotlight again as the Court of Appeal extends the scope of the duty imposed on banks in cases of authorised push payment fraud.
Throughout the history of the legal sector, it has always been clear that law firms are not like "normal" companies. Law firms never have CEOs, as a corporation would, with a partnership system in which those at the top are paid directly from the firm's profits, rather than receiving a fixed salary. Aside from the […]
The world in 2022 looks very different than it did even five years ago. Shifts in economic, consumer, and working practices were already underway; Covid-19 has accelerated these changes at a pace once unimaginable. Central to many of these developments in how we work, live and shop is digital innovation, which brings with it new […]
In a February 9 letter made public on Monday, Mazars USA told the Trump Organization that its financial statements for 2011 to 2020 should no longer be relied on. The disclosure comes as part of New York Attorney General Letitia James’ civil investigation into the former US President’s New York-based real estate business. The investigation […]
Credit Suisse is the final bank defendant left in the antitrust litigation which began in 2013. Since, 15 other banks have reached $2.31 billion of settlements. Investors claim Credit Suisse traders shared non-public pricing information with traders at other banks, including in an online chat room called “Yen Cartel.” US District Judge Lorna Schofield said […]
Following the 2008 financial crisis, there was a wave of complaints by SMEs against banks that has yet to be fully resolved. How does the BBRS aim to tackle it?
Deborah Jeff, Partner at Simkins, explains how clients can keep their costs low during divorce proceedings. Much is made of the cost of divorce and many like to suggest that solicitors drive up costs for their own benefit. That’s certainly not the case for specialist family solicitors who, unless there has been domestic abuse or […]
In the motion filed on Friday, Robinhood argued that the temporary limits it imposed on trading during a social media-fueled rally in January 2021 were not deceptive as they were publicly announced by the company. The company also said that investors do not have a plausible claim that it stood to profit from lower share […]
Aziz Rahman, Senior Partner at Rahman Ravelli, assesses the NatWest money laundering penalty for any pointers to the future. NatWest being fined £265 million for its money laundering failings will have come as little surprise to anyone – certainly not the bank. It pleaded guilty two months ago to charges brought by the Financial Conduct […]
Lawyer Monthly is a news website and monthly legal publication with content that is entirely defined by the significant legal news from around the world.
We use cookies to ensure that we give you the best experience on our website. By continuing to use this site you consent to the use of cookies. Privacy PolicyOkI do not consent
