Banking

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The UK is the ‘leading Western centre for Islamic finance’, according to a TheCityUK report, ‘Islamic finance: global trends and the UK market 2022’, published last week.

The Home Office has reported that the Security Minister, Tom Tugendhat, has chaired a session of the Joint Fraud Taskforce, a partnership between the government, law enforcement and the private sector.

What is asset tokenization? In this week’s NLJ, Michael Patchett-Joyce continues a series of cyber articles by 36 Commercial.

You are the victim of fraud—how likely are you to succeed in a claim against your fraudster’s bank? In this week’s NLJ, David McIlroy, barrister at Forum Chambers, and Jon Felce, partner, and Rosie Wild, senior associate, at Cooke, Young & Keidan, address this question.

What is the likelihood of success in claims against a fraudster’s bank? David McIlroy, Jon Felce & Rosie Wild explain why financial institutions should not rest easy when it comes to fraud claims

What is tokenization & why it is becoming important today? Michael Patchett-Joyce of 36 Commercial provides a rundown of the expanding asset token economy

The Equity Release Council has launched a Legal Forum which advocates the role of legal advice that supports customers in the later life lending sector.

With digital currencies continuing to strengthen their foothold in the financial landscape, calls are increasing for a global response to regulate their use. Celso De Azevedo & Marc Samuels of 36 Commercial explore the most recent regulatory developments on both sides of the Atlantic

No damages awarded despite fraudulent misrepresentations

Banks need to rethink their complaints handling and use a more ‘human touch’ if they are to avoid repeating the mistakes of the 2008 financial crisis, an independent dispute resolution body has advised

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MOVERS & SHAKERS

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Weightmans—Jason Slatcher

Weightmans appoint new Chief Technology Officer

Mishcon de Reya—trainees

Mishcon de Reya announces trainee retention rate of 86%

Sackers—Charlotte Adams & Fraser Sutton

Sackers welcomes two new Graduate Solicitor Apprentices

NEWS

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Entries open for the LexisNexis Legal Awards 2027

LexisNexis is delighted to announce the launch of the LexisNexis Legal Awards 2027, celebrating outstanding achievement, innovation and impact across the legal profession

SRA to face increased enforcement

The Legal Services Board (LSB) is to take further enforcement action against the Solicitors Regulation Authority (SRA), setting additional performance targets and ‘intensifying’ its oversight, it has said

PM Law failures exposed in detail

Regulators missed several opportunities to intervene in PM Law Group before it collapsed, an independent review by City firm Jenner & Block has found

Employees transfer but liability remains

An employer’s vicarious liability for the alleged torts of an employee cannot be transferred by TUPE, the Court of Appeal has confirmed

Tiered fees for complaints could be costly

Tiered fees of up to £1,500 for Legal Ombudsman (LeO) cases could leave firms with little option but to pay out, lawyers have warned

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Banking

MOVERS & SHAKERS

Weightmans—Jason Slatcher

Mishcon de Reya—trainees

Sackers—Charlotte Adams & Fraser Sutton