Legal and Financial Risk – July 2014

Hogan Lovells Legal and Financial Risk is a bi-monthly newsletter on recent legal developments that will impact upon corporates and financial institutions.

In this issue:

  • Cosmetic clinicians' denial of liability for misleading statements in product manufacturer's promotional material raises a few eyebrows in the Court of Appeal 
  • Assets of non-defendant companies were covered by a freezing injunction 
  • The Court of Appeal recalibrates Mitchell test to avoid future satellite litigation over procedural breaches 
  • ISDA amendment introduces time limit for withholding payments from defaulting parties 
  • Potential expansion of civil antitrust damage liability in Europe – umbrella damages actions allowed in principle 
  • Potential judicial review proceedings on the jurisdiction of the FOS 
  • Commercial Court considers when a benefit obtained from a repudiatory breach of contract should be accounted for in the assessment of damages 
  • FOS annual review 2013/2014 
  • FCA publishes policy statement on Enhanced Supervision regime 
  • FCA reviews the client assets regime to improve the protection of client money and custody assets

Read the full newsletter: 'Legal and Financial Risk – July 2014'

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