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R (Greyhound Board of Great Britain Ltd) v Welsh Ministers [2026] EWHC 670 (Admin) What are the practical implications of this case? The ruling reinforces the constitutional divide between the courts and the legislature. It explains that the scheme and framework of the Government of Wales Act 2006 (GWA 2006) embody that separation of powers, and that any judicial attempt to recognise and enforce a common law obligation on Welsh Ministers to consult prior to introducing legislation in the Senedd would trespass upon that boundary. This is not a departure from established principle; case law has already upheld comparable rules for lawmakers in Scotland and at Westminster. However, this is the first express confirmation of the position for Welsh lawmakers, and the first time this dimension of the GWA 2006 has been analysed in such depth. The court examined earlier
The solution arrived through the United Nations Compensation Commission (UNCC), a quasi‑judicial body handling mass claims, created under UN Security Council Resolution 687. By addressing environmental harm—most notably via its ‘F4’ claim class—the UNCC set a seminal benchmark shaping how international law and contemporary arbitral panels allocate financial responsibility for wartime ecological devastation. With present-day wars in areas such as Eastern Europe and the Middle East bringing dam breaches, strikes on chemical facilities, and the burning of farmland, the UNCC’s legacy endures as an essential reference point for states, global investors, and companies engaged in post‑conflict arbitration. The F4 claims: Quantifying the unquantifiable Prior to the 1990s, mechanisms in international law for war reparations overwhelmingly favoured property loss, foregone earnings, and bodily injury. The natural world was commonly treated as a mute, non-compensable victim of armed hostilities...
Understanding the farming business as a business Many farms still use long-standing structures that arose by habit, not strategy. Sole traders, informal partnerships and outdated partnership deeds are common. While once effective, such setups can cause major issues around succession, tax planning and involving the next generation. A corporate team can take a fresh, business-led view of the farm, asking: Who owns the land and other critical assets? Who manages daily operations? Who carries the risk and who enjoys the return? What is the enduring plan for succession? From this review, the team can confirm whether the current setup is fit for purpose or if an alternative — for example an updated partnership agreement, a company, a limited liability partnership, or a blended model — would better meet the family’s aims. Tax efficiency through joined-up advice Tax sits at the centre of most
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Financial Services news feed – 15 January 2024 Beyond the full articles featured in the Financial Services news feed on 15 January 2024, subscribers might wish to note the following further developments: HM Treasury notice relating to ISIL ( Da'esh) and Al- Qaida, 15/01/2024 HM ......
Alongside the items featured in full in the Financial Services news feed on 11 January 2024, subscribers may wish to note these further developments: FCA: Decision Notice: Wilson Motors Limited Liability Partnership Decision Notice: Fintry Motors Ltd Decision Notice: Rashid Akhtar (trading as United Commercial Trading) Short positions disclosed to us HM Treasury: Three members reappointed to the Prudential Regulation Committee Notice, ISIL ( Da’esh) and Al- Qaida, 11/01/2024 European Parliament: DRAFT REPORT on the proposal for a...
In this issue: Brexit UK, EU and international regulators and bodies Authorisation, approval and oversight Prudential rules Risk management and controls Sanctions and financial crime Consumer protection Investigations, enforcement and disciplinary action Benchmark regulation and IBOR reform Capital markets regulation Dispute resolution for financial services lawyers Securities financing transactions Derivatives regulation ESG and sustainable finance Banks and mutuals Mi FID II Insurance regulation Payment services and systems Fintech and cryptoassets Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary Brexit Retained EU Law ( Revocation and Reform) Act 2023 ( Consequential Amendment) Regulations 2023, SI 2023/1424: made under powers in the REUL( RR) A 2023 in connection with Brexit, this...
EU developments European Sustainability Reporting Standards now take effect. Commission Delegated Regulation ( EU) 2023/2772 of 31 July 2023, which supplements Directive 2013/34/ EU of the European Parliament and of the Council as regards sustainability reporting standards, has duly been published in the Official Journal. See: LNB News 02/01/2024 11......
In a warning notice dated 8 January 2024, the FCA stated that an unnamed pensions transfer specialist acted recklessly by urging customers to move their defined benefit pension schemes into alternative arrangements during the period 2015 to 2019. The regulator did not identify his firm nor disclose how many clients received his advice. The number of customers affected was also not disclosed. The adviser, who also performed director and compliance oversight duties, failed to collect adequate information about customers’ financial circumstances before providing those recommendations, the watchdog said. He or she also neglected to evaluate clients’ attitudes to investment and transfer risk......
The European Banking Authority ( EBA) has issued final draft regulatory technical standards ( RTS) and final draft implementing technical standards ( ITS) on how supervisory colleges operate under the Capital Requirements Directive ( CRD). Adopted in 2015, these standards have now been revised to fully reflect the new requirements laid down......
Alongside the articles featured in depth within the Financial Services news feed on 9 January 2024, subscribers might also wish to note the following further relevant updates: The Office of Financial Sanctions Implementation: Asset Reporting Privacy Policy Bo E: Letter from Sam Woods, Prudential Regulation......
Alongside the pieces reported in full within the Financial Services news feed on 8 January 2024, subscribers may wish to note the following further updates at this time: HM Treasury and OFSI: Guidance: Who is subject to financial sanctions in the UK?......
Alongside the full coverage in the Financial Services news feed dated 5 January 2024, subscribers may wish to note the following further regulatory and supervisory developments below: FCA: Decision Notice: Apex Legal Limited FCA: Cryptoasset AML / CTF regime: feedback on good and poor quality applications FCA: Decision Notice: The Car Leasing Warehouse......
Alongside the articles featured in depth in the Financial Services news feed on 4 January 2024, subscribers may wish to note the following additional developments: OJEU: C/2024/00587 Official notice addressed to the natural person and the entity subject to the restrictive measures laid down in Council Decision 2014/145/ CFSP, as amended by Council Decision ( CFSP) 2024/195, and in Council Regulation ( EU) No 269/2014, as implemented through Council Implementing Regulation ( EU) 2024/196, concerning restrictive measures in respect of actions undermining or threatening the territorial integrity......
The European Central Bank ( ECB) will undertake a cyber resilience stress assessment involving 109 banks under its direct supervision, with the main findings scheduled to be communicated in summer 2024. The exercise evaluates how banks respond to and recover from a cyberattack, rather than their ability to prevent one. This predominantly qualitative exercise will not have an impact on capital through......
Alongside the articles featured in depth on the Financial Services news feed dated 3 January 2024, subscribers might also wish to note the following further developments: OJEU: Council Implementing Regulation ( EU) 2024/196 of 21 December 2023 putting into effect Regulation ( EU) No 269/2014 concerning......
On 28 December 2023, the FCA reported that penalties arising from investigations carried out over the last year were lower than the £215.8m it had imposed in 2022. It added that almost 1,300 companies had their authorisation cancelled by the regulator between January 2023 and October 2023 for not meeting its minimum standards—twice the number of cancellations recorded the year before. “ The financial services sector is essential to the UK economy, and we remain dedicated to backing its contribution to long-term economic growth,” said Nikhil Rathi, the FCA’s chief executive. “ At the same time, our resolve to minimise and prevent harm is undiminished, and the launch of the Consumer Duty underlines this.” The FCA’s landmark duty framework came into force in July 2023 and demands good outcomes for consumers on products, such......
Alongside the articles reported in detail within the Financial Services news feed on 2 January 2024, subscribers might wish to note the ensuing further developments of interest: ECB: Interview with Elizabeth Mc Caul, Member of the Supervisory Board of......
Euronet 360 Finance Limited & Others v Mastercard Incorporated & Others After settlement was reached between the parties, the Competition Appeal Tribunal ( CAT) consented to dismiss a claim by......
The Financial Conduct Authority ( FCA) has now refreshed its webpage about proceedings against Park First and its senior leadership, stating that it has......
On 28 June 2023, the FCA stated that the insurer must scrutinise records in full spanning from September 2017 through to August 2022. Direct Line was instructed to offer claimants ‘appropriate redress’ where it identifies policyholders who have been given unfairly low settlements. The regulator did not reveal what triggered its intervention at that time. In December 2022, the FCA said it was aware that insurers were undervaluing motor insurance payouts for customers whose vehicles had been written off. A Direct Line spokesperson said the firm had already calculated the financial impact of the redress and had adjusted its......
The government is seeking the right equivalence arrangements as central to keeping the UK competitive, yet none have been concluded and no timelines set. As a result, it faces a steep challenge in identifying sufficient similarity between regulatory regimes in several major markets—and, crucially, persuading them to grant equivalence in return. According to Nathaniel Lalone, a partner at Katten Muchin Rosenman LLP in London, reciprocal equivalence would effectively enlarge the UK's ‘domestic’ market to cover other equivalent jurisdictions. UK firms could then reach a far broader base of customers and users, lifting revenues and intensifying rivalry across a bigger field of market participants. An accord with the EU looks tough: its markets in cryptoassets regime, or ‘ Mi CA’, due to take effect in 2024, does not permit it. Those rules—well ahead of the UK's—allow equivalence to be revisited only after four years....
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When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...
This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...
Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...
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