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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NLJ Career Profile: Nikki Bowker, Devonshires

Nikki Bowker, head of dispute resolution at Devonshires, on career resilience, diversity in law and channelling Elle Woods when the pressure is on

Ellisons—Sarah Osborne

Leasehold enfranchisement specialist joins residential property team

DWF—Chris Air

Firm strengthens commercial team in Manchester with partner appointment

NEWS

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King sets out Starmer’s legislative agenda

The government will aim to pass legislation banning leasehold for new flats and capping ground rent, introducing non-compulsory digital ID and creating a ‘duty of candour’ for public servants (also known as the Hillsborough law) in the next Parliament

Decision on divorce & domicile

An Italian financier has lost his bid to block his Australian wife from filing divorce papers in England on the basis it was no longer her domicile of choice

Early disclosure has not met its goals, lawyers say

Reforms to the disclosure regime in the business and property courts have not achieved their objectives, lawyers have warned

Guarding courts from the hazards of AI

The Law Society has urged ministers to hold a public consultation on the use of artificial intelligence (AI) in the justice system as a whole

Reforms to inquest fees under consultation

Ministers have proposed bringing inquest work under a single fee scheme for legal help and advocacy legal aid work

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Banking

MOVERS & SHAKERS

NLJ Career Profile: Nikki Bowker, Devonshires

Ellisons—Sarah Osborne

DWF—Chris Air