Dispute Resolution: A class of its own
A number of high-profile battles have pushed the regulatory activities of the Financial Services Authority into the limelight. With new legislation increasingly putting clients at risk of falling foul of the tribunal, Julian Connerty looks at what litigators should expect from a face-off with the regulator
The recent high-profile case of the Financial Services Authority (FSA) versus Paul ‘the Plumber’ Davison – who was fined £750,000 for market abuse and has subsequently managed to force the whole tribunal hearing his appeal to resign – has shown that regulated firms and individuals are increasingly prepared to dispute the findings of the FSA. That case, along with the failure of the authority to force the financial advisers in the ‘split caps’ case to the negotiating table, has shown that it is possible to take the super-regulator on in a legal battle and win.
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651