Commercial

The Johnson v FirstRand Bank case on ‘secret’ commissions for motor finance is causing quite a stir, but should it have been brought at all? In this week’s NLJ, Fred Philpott, Gough Square Chambers, writes: ‘The whole premise of the case is false; there were no real “commissions”, let alone fiduciary relationships.’

Iris Karaman & Kate Chan discuss the practical impact of the EU’s proposed ‘Omnibus’ package

The Supreme Court case on motor finance commissions is based upon a simple economic falsity, argues Fred Philpott

The European Commission’s proposed ‘Omnibus’ package sets out an array of proposed amendments to simplify corporate sustainability requirements and reduce paperwork. In this week’s NLJ, Iris Karaman, senior associate, and Kate Chan, associate, at Pillsbury Law, look at the ‘Omnibus’ content and assess its practical implications for business.

If widely ratified, Hague 2019 will enhance global access to justice, writes Natalie Todd

There are only three months left before Hague 2019 takes effect on 1 July. In this week’s NLJ, Natalie Todd, partner at Cooke, Young & Keidan, looks ahead to the arrival of this important Convention which facilitates the effective international enforcement of foreign judgments in civil and commercial matters.

A conditional fee agreement (CFA) can have retrospective effect even though this is not spelled out, the Court of Appeal has held

Johnson v FirstRand sent ‘shockwaves through the financial services industry’, write Eddie Flanagan, partner and specialist in asset and debt recovery, and Harpreet Sandhu, Chartered Legal Executive at Shakespeare Martineau, in this week’s NLJ. They discuss the case and its astonishing implications. For example, Santander UK revealed in November that it has set aside £295m for potential compensation.

With shockwaves from the motor finance commissions case continuing to reverberate, Eddie Flanagan & Harpreet Sandhu explain why it is time for the financial services sector to reflect on compliance & customer trust

The EU Digital Operational Resilience Act (DORA) is due to be implemented this month. Writing in this week’s NLJ, Charles Maurice, partner, and Brigitte Simpson, associate, Stevens & Bolton, look at the implications for the financial services sector.