Legal Framework for Digital Assets – United States | Rosenblatt’s Tech Team
On 20 April 2021, The United States House of Representatives passed a bi-partisan bill called the “Eliminate Barriers to Innovation Act” (H.R. 1602). The proposed legislation focusses on providing greater regulatory transparency for crypto assets in the US by clarifying the roles of financial agencies such as the Securities and Exchange Commission (the “SEC”) and the Commodity Futures Trading Commission […]
Read MoreUpdate on FCA Regulation of Cryptoassets | Rosenblatt’s Tech Team
Under the current regulatory regime for crypto business carried on in the UK pursuant to the recent UK AML legislation regime, firms established in the UK and carrying on a crypto business prior to 20 December 2020 were required to register with the FCA under their Temporary Permissions Regime (TPR). Businesses which applied could legally continue to carry on crypto […]
Read MoreUK Government Proposal for Power to Block Listings on National Security Grounds | Rosenblatt’s Corporate Team
Summary Earlier on this month, HM Treasury published a consultation (the “Consultation”), “Power to block listings on national security grounds: Economic Crime Plan – Acton 19”. The proposals are separate to the Government’s power to block acquisitions and investments on national security grounds in the recently enacted National Security and Investment Act 2021. We consider the Consultation in this article. […]
Read MoreThe “Always on” Work Culture. Is a “Right to Disconnect” the Next Step in the Home Working Revolution? What Employers Should Start to Consider Now to Protect their Employees and Businesses.
Many employees are working harder and for longer hours than before the Covid-19 pandemic, and many are increasingly required to (or feel that they are required to) monitor and respond to their work emails and any work calls and voicemails out of hours. This is having a serious impact on the health and wellbeing of some employees, and some trade […]
Read MoreEU Commission Publishes Preliminary Report on Consumer Internet of Things Competition Sector Inquiry
On 9th June 2021, the European Commission has published the preliminary results of its competition sector inquiry into markets for Consumer Internet of Things (IoT) related products and services in the European Union. The Report will give the Commission invaluable insight into this rapidly growing market and highlight those areas needing possible regulatory/competition law enforcement. The Consumer IoT sector inquiry […]
Read MoreFinancial Conduct Authority | Fraudulent Trading | Rosenblatt’s Financial Crime Team
On 20 May 2021, the Financial Conduct Authority (FCA) announced it had commenced criminal proceedings against Ian James Hudson in relation to three charges following an investigation into unregulated advice. Criminal Proceedings | Rosenblatt’s Financial Crime Team Mr Hudson appeared at Westminster Magistrates’ Court in relation to three charges, namely, carrying on a business (Richmond Associates) with the intention to […]
Read MoreEU Commission Opens Up Competition Investigation over Facebook’s Use of Advertiser Data
On 4 June 2021, the European Commission announced that it had started an investigation into possible anti-competitive conduct by social networking site Facebook about whether Facebook’s use of advertising data gathered from in particular its advertisers amounts to a breach of Article 101 and/or Article 102 of the Treaty of the Functioning of the European Union (TFEU) (see Case AT. […]
Read MoreLebanese bank “concedes” restraint of Lebanese proceedings
In an application for an anti-suit injunction before Freedman J brought by Rosenblatt client, Bilal Khalifeh, a Lebanese bank provided undertakings to the English Court which “effectively conceded” the prohibitory anti-suit injunction sought. A mandatory injunction, which was also sought, requiring the complete withdrawal of the Lebanese proceedings, was adjourned to the expedited trial of the matter in November this […]
Read MorePrivate Prosecutions | Post Office Bosses Could Face Charges Following the Horizon IT Scandal | Rosenblatt’s Financial Crime Team
Six Post Office bosses may have committed criminal offences in their handling of the Horizon IT scandal, one of their former legal advisers announced on a BBC Radio 4 documentary on 30 May 2021. Private Prosecutions | Rosenblatt’s Financial Crime Team More than 700 branch managers were prosecuted for crimes including fraud and theft when money supposedly went missing from […]
Read MoreNational Crime Agency | Anonymity Order on Couple Accused of Bringing £14m of ‘dirty money’ into London is Lifted | Rosenblatt’s Financial Crime Team
Last week a Judge ruled that the London couple suspected of bringing £14m of ‘dirty money’ into the capital from Azerbaijan should have their identities made public. This marks a significant step forward in the fight against secret justice. National Crime Agency | Rosenblatt’s Financial Crime Team On 27 May 2021 District Judge Vanessa Baraitser stated that continuing to conceal […]
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