This month we consider the court's view on the extent to which firms' activities in handling complaints are themselves subject to adjudication by the Financial Ombudsman Service; the exercise of the court's discretion in refusing an unopposed application to annul a bankruptcy order; and more cases and issues affecting the industry:
The High Court considers the remit of the FOS's jurisdiction
United Kingdom, Banking, Insolvency & Restructuring, Litigation, Tax, Gowling WLG, Prudential Regulatory Authority (UK), Financial Conduct Authority (UK), HM Revenue and Customs (UK), FSA, Financial Ombudsman Service, Financial Services and Markets Act 2000 (UK), Court of Appeal of England & Wales
On 29 April 2016, the Australian Government Treasury released a proposal paper that, among other things, proposed reforms to introduce an ipso facto moratorium (Proposal). This reform was foreshadowed in as part of the Australian Government’s National Innovation and Science Agenda.