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What is the meaning of ‘control’ in the context of international sanctions? Who exercises it? How do we interpret it?

"A valuable resource for all those concerned with the law as it affects banks and their customers"

Jago Russell and Ross Ludlow explain the reasons behind the trend for de-banking

In this week’s NLJ, Jago Russell, partner, Boutique Law, and Ross Ludlow, pupil barrister, Drystone Chambers, explain the reasons behind the trend for de-banking in the UK. While the Nigel Farage debacle captured the headlines, ‘being de-banked is surprisingly common’, the authors write

The much-anticipated ruling of the Supreme Court in Philipp v Barclays Bank, which overturned the Court of Appeal’s decision, is discussed from the perspective of consumer safeguarding, in this week’s NLJ.

The Supreme Court has not rescued consumers who are the victims of APP fraud, but neither has it left them wholly unprotected: Michael Brown, Charlie Shillito & David McIlroy report on the judgment in Philipp v Barclays Bank

TheCityUK has published its annual report setting out key facts about the UK as an international financial centre, which it says confirms the UK as the world’s leading net exporter of financial services.

Santander UK has been fined £107m for ‘serious and persistent’ gaps in its anti-money laundering (AML) controls on business banking customers.

The requirement to ring-fence retail banking from investment activities, which was introduced following the 2008 financial crash, is to be abolished.

The UK is the ‘leading Western centre for Islamic finance’, according to a TheCityUK report, ‘Islamic finance: global trends and the UK market 2022’, published last week.

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MOVERS & SHAKERS

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Freeths—Ruth Clare

National real estate team bolstered by partner hire in Manchester

Farrer & Co—Claire Gordon

Partner appointed head of family team

mfg Solicitors—Neil Harrison

Firm strengthens agriculture and rural affairs team with partner return

NEWS

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Conveyancers celebrate U-turn over mortgage handbook fee

Conveyancing lawyers have enjoyed a rapid win after campaigning against UK Finance’s decision to charge for access to the Mortgage Lenders’ Handbook

Are you suited to a career in prosecution?

The Crown Prosecution Service (CPS) has launched a recruitment drive for talented early career and more senior barristers and solicitors

LSB marks Mazur homework

Regulators differed in the clarity and consistency of their post-Mazur advice and guidance, according to an interim report by the Legal Services Board (LSB)

NLJ this week: When AI hallucinates, lawyers risk real-world sanctions

The dangers of uncritical artificial intelligence (AI) use in legal practice are no longer hypothetical. In this week's NLJ, Dr Charanjit Singh of Holborn Chambers examines cases where lawyers relied on ‘hallucinated’ citations — entirely fictitious authorities generated by AI tools

NLJ this week: Stuck in the past?

The Solicitors Act 1974 may still underpin legal regulation, but its age is increasingly showing. Writing in NLJ this week, Victoria Morrison-Hughes of the Association of Costs Lawyers argues that the Act is ‘out of step with modern consumer law’ and actively deters fairness

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Banking

MOVERS & SHAKERS

Freeths—Ruth Clare

Farrer & Co—Claire Gordon

mfg Solicitors—Neil Harrison