In The News

05 July 2021

A subcommittee of the US House of Representatives’ Financial Services Committee led a hearing on 30 June 2021 evocatively titled “America on ‘FIRE’: Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?” aimed at channelling discussion on whether crypto volatility was a risk to retail investors that are having an increasing involvement in the space. […]

02 July 2021

On 26 June 2021, the Financial Conduct Authority (“FCA”), ruled that Binance, a leading crypto exchange, cannot conduct any “regulated activity” in the UK. It is understood that Binance was aiming to launch its digital market place in the UK but it withdrew its application with the FCA in mid-May 2021 after failing to comply with the FCA’s anti-money laundering […]

On 28 June 2021, the High Court delivered judgment refusing to sanction a restructuring plan put forward by the Board of Hurricane Energy Plc [“Hurricane”], and vehemently supported by an ad hoc committee of Hurricane’s bondholders [“the Hurricane Plan”] [2021] EWHC 1759 (Ch). Whilst the Plan drew criticism and concern from several hundred of Hurricane’s private investors, only one institutional […]

01 July 2021

Rosenblatt were instructed on behalf of the respondent at the Magistrates’ Court. On 20 April 2021 the Appeal Court upheld an earlier Court’s decision to dismiss HM Revenue & Customs’ (HMRC) application for an extension of cash detention beyond the expiration of the first 6 months. The Court held that as the application was heard after the expiration of the […]

29 June 2021

The EAT has held in the landmark decision of Dobson v North Cumbria Integrated Care NHS Foundation Trust, which is being hailed as a victory for working mothers, that Employment Tribunals must now take judicial notice of and consider if relevant “the childcare disparity” which exists between women and men, in that women still experience the greater burden of childcare […]

Various human rights organisations have accused the Kazakh mining company, Eurasian Natural Resources Corporation (ENRC) of using vexatious litigation in their case against the Serious Fraud Office (SFO) and their former lawyers. SFO Investigation | Rosenblatt’s Financial Crime Team The SFO opened a formal investigation against ENRC in 2013 but have yet to bring any charges against the company. Earlier […]

28 June 2021

The Planning Bill, outlined in the Queen’s Speech in May 2021, aims to create a simpler, faster and more modern planning system so that more homes can be built and quickly. There is currently a shortage of housing in England and Wales, in particular affordable housing and homes for people deemed vulnerable, such as those with learning disabilities or mental […]

As recent case announcements from both the EU Commission and the UK Competition & Markets Authority (“CMA”) show, European regulators continue to place enforcement priority on tackling alleged anti-competitive agreements and practices within the digital platform sector using their competition powers. These cases show that there is an increasing concern about the market power digital platforms acquire through their ability […]

25 June 2021

Summary In this article, we consider the recent judgment of His Honour Judge Keyser QC in the matter of MDW Holdings Limited (“MDW”) v Norvill [1], which involved an examination of whether false responses given by the seller to a buyer’s due diligence enquiries constituted fraudulent misrepresentation, and whether such responses constituted a breach of environmental warranties set out in […]

22 June 2021

It is estimated that around £22bn has been paid out by the government through the Bounce Back Loan Scheme (BBLS). Research from the accountancy firm Mazars has shown that in the first quarter of 2021 40,000 firms were ‘struck off’. This has led many to fear that thousands of the companies stopped trading to avoid repaying back these government loans. […]