Authorised Push Payment (“APP”) fraud, where victims are tricked into authorising payments to fraudsters, resulted in losses of £485.2m in 2022 and is reported to have risen by 22% in 2023.
With consumer protection laws...more
1/23/2024
/ Asset Tracing ,
Banking Sector ,
Banks ,
British Virgin Islands ,
Business Litigation ,
BVI Business Companies ,
Consumer Protection Laws ,
Corporate Governance ,
Corporate Restructuring ,
Dispute Resolution ,
Duty of Care ,
Electronic Payment Transactions ,
Financial Institutions ,
Financial Services Industry ,
Fraud ,
Insolvency ,
Misappropriation ,
UK
The updated Civil Procedure Rules (the “Revised CPR”) come into force on 31 July 2023, and with them a substantially increased focus on settlement and Alternative Dispute Resolution (“ADR”). In this article, Senior Associate...more