The U.K. Financial Services and Markets Act 2023

The U.K. government has published its much-anticipated proposals for regulating the cryptoasset industry. These proposals, currently in the form of a consultation, will see many (but not all) cryptoasset-related activities being brought within the regulatory perimeter for financial services in the U.K.

There has been recent high-level review of the application of the doctrine of ex turpi causa to claims involving fraudulent directors, in the context of insolvency litigation. The doctrine defined at its simplest is that no action can be founded on illegal or immoral conduct – a legal form of fair play. In October 2014 the Supreme Court heard the appeal in Jetivia SA v Bilta (UK) Limited (Bilta).