In a strident judgment that expresses “concerns about the effectiveness of the criminal appeal system in England and Wales in confronting legal error”, the UK Supreme Court has unanimously allowed appeals by Tom Hayes and...more
8/28/2025
/ Appeals ,
Benchmarks ,
Criminal Appeals ,
Criminal Prosecution ,
EURIBOR ,
Evidence ,
Financial Markets ,
Fraud ,
Inter-Bank Offered Rates (IBORs) ,
Jury Trial ,
Libor ,
Serious Fraud Office (SFO) ,
UK Supreme Court
I. Introduction -
What level of awareness is required to be in a person’s mind when being induced by another to rely on an implied fraudulent representation? According to the English High Court, which recently had to...more
Introduction -
Driven by the Coronavirus pandemic, extreme volatility on the financial markets in early 2020 led to lenders and financial institution counterparties issuing a significantly increased number of margin calls...more