I can see clearly now: Sterling jumps to six-week high against the dollar January 25, 2017 The pound jumped to within spitting distance of $1.26 this morning, its highest in six weeks, as investors heralded a new age of certainty following yesterday's Article 50 decision. The pound touched $1.2596 in morning trading, 0.6 per cent higher, while it rose 0.4 per cent against the euro to €1.1717. Although sterling dipped yesterday [...]
Article 127 court hearing now due in February, as the government awaits answer to Article 50 legal battle January 15, 2017 A court hearing that could cause a headache for Prime Minister Theresa May, as she plans to trigger Article 50, has been postponed until early February. A case brought last year argues the government cannot leave the Single Market without triggering Article 127 of the European Economic Area agreement – and says it must seek approval [...]
Article 50 hearing: Parliament had plenty of chances to ask for Brexit trigger legislation, says attorney general December 5, 2016 Parliament had the opportunity to push for legislation to be put in place to trigger Article 50, but choose not to, the attorney general has told the Supreme Court. On the first day of what is due to be a four-day hearing, Jeremy Wright argued the government's wish to start the UK's formal withdrawal procedure from the EU [...]
Going Dutch: Fieldfisher to launch in Amsterdam in May February 21, 2017 Fieldfisher announced today it is opening a new office in Amsterdam in May. The Dutch endeavour will be structured under a Swiss Verein model and will have five partners, all from Kennedy Van der Laan. "We've been looking at setting up an office in the Netherlands for a while," said Michael Chissick, managing partner of Fieldfisher. "We've [...]
Attorney General: High Court judges relegated Brexit vote “almost to a footnote” December 3, 2016 The Attorney General is gearing up for a Brexit battle next week, as he argues the government's case that the referendum outcome should not be relegated "almost to a footnote". Jeremy Wright, the government's top legal officer, is heading to the Supreme Court where the hearing will decide whether the Prime Minister is entitled to trigger formal [...]
Libor scandal: Tom Hayes application to appeal to the Supreme Court refused by Court of Appeal March 8, 2016 Tom Hayes, who was convicted for offences in relation to manipulating Libor last year, has today had his application to appeal to the Supreme Court refused by the Court of Appeal. Hayes, a former UBS and Citigroup trader, was convicted on eight counts of conspiracy to defraud at a trial at Southwark Crown Court last August, although [...]
Now is the time for new coalitions in the Brexit debate January 25, 2017 We live in topsy-turvy times. Chinese President and Communist Party leader Xi Jinping recently emerged as the world’s unlikely flag-bearer for global capitalism, telling dignitaries in Davos: “Pursuing protectionism is just like locking oneself in a dark room: wind and rain might be kept outside but so are light and air.” Xi’s pleasingly poetic and [...]
It’s official: This is the deadline if you want to make a PPI complaint March 2, 2017 After years of nuisance phonecalls and bankers' misery, the Financial Conduct Authority (FCA) has finally set a deadline for complains over payment protection insurance (PPI). The FCA said today all complaints must be lodged by 29 August 2019 – several months later than previously hoped. Although this isn't the end of PPI: the regulator said [...]
Article 50: MPs will get five days to debate Brexit bill January 26, 2017 Legislation granting Prime Minister Theresa May power to launch Brexit talks has been formally unveiled today. House of Commons leader David Lidington said MPs will have five days to debate Article 50, starting from next Tuesday. It means that the House of Commons will vote on the legislation on 8 February. MPs challenged the amount of [...]
Downing Street has confirmed the government will publish an Article 50 Brexit bill tomorrow January 25, 2017 Ministers will tomorrow publish a bill granting the government power to begin Brexit talks. The announcement comes just over 24 hours after the Supreme Court ruled that Prime Minister Theresa May would need the approval of parliament to begin negotiations with the EU. Brexit secretary David Davis had yesterday hinted that legislation could be brought [...]