Court of Appeal decision on consent orders and regulated activites

29 March

On the 28 March 2018, the Court of Appeal handed down judgment in the case of Fortwell Finance v Halstead, in which Simon Popplewell of Gough Square Chambers successfully appeared for the Respondent. The case concerned a finance company that had provided a bridging loan to a borrower secured over a renovation property.  The borrower had […]

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Further Decision in ‘Barons Finance’ Litigation

14 March

The High Court has handed down judgment in Lukan v Ghana Commercial Finance Ltd (in liquidation) [2018] EWHC 418 (QB). Julian Gun Cuninghame represented Mr Lukan, who successfully appealed a circuit judge’s decision in 2011 not to set aside a possession order. Mr Lukan had entered a bridging loan with a company controlled by Mr […]

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Court of Appeal ruling in Property Alliance Group v RBS

04 March

On 2 March 2018, the Court of Appeal handed down judgment in the case of Property Alliance Group Ltd v Royal Bank of Scotland plc [2018] EWCA Civ 355; Property Alliance Group’s (“PAG”) appeal was dismissed. Background RBS loaned PAG funds at interest rates linked to the London Inter-bank Offered Rate (“LIBOR”); the provision of […]

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New Credit Card Rules introduced by the FCA

01 March

The FCA’s new rules on persistent credit card debt come into force today (1 March 2018). Firms have until 1 September 2018 to comply. The new rules require firms to take a series of steps to try and encourage customers in “persistent debt” to change their credit card repayment habits. Subject to some limited exceptions, […]

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