Court considers effect of liquidation stay on regulatory action by the Financial Conduct Authority

The English Court has, for the first time, handed down judgment on whether the liquidation stay prevents the Financial Conduct Authority (the "FCA") from issuing a Warning Notice under sections 92 and 126 of the Financial Services and Markets Act 2000 ("FSMA") without first seeking leave from the Court.

Filed under:
United Kingdom, Banking, Capital Markets, Insolvency & Restructuring, Litigation, Tax, White Collar Crime, CMS Cameron McKenna Nabarro Olswang LLP, Financial Conduct Authority (UK), HM Revenue and Customs (UK), International Chamber of Commerce, Carillion
Authors:
Vanessa Whitman , Kushal Gandhi , Ross Blackhall
Location:
United Kingdom
Firm:
CMS Cameron McKenna Nabarro Olswang LLP