Court Refuses to plug the holes in repair and insurance obligations

Stonecrest Marble Ltd v Shepherds Bush Housing Association Ltd [2021] EWHC 2621 (Ch) Summary The court held that a landlord was not liable, either in tort or under the terms of the lease, as a result of water overflowing from a blocked gutter on the landlord’s retained part of the building, despite this making the …

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UK FCA fines insurance broker £7.9m for financial crime failings

On 16 June 2022 the FCA fined London-based insurance broker JLT Specialty Limited (JLTS) £7.9m for anti-bribery and corruption (ABC) systems and controls related failings, which at one point allowed payments of over $3m, which the FCA found to be bribes, to be paid to overseas government officials (see the FCA press release here). FCA …

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UK Government Considers Expanding List of Investment Transactions to Include Crypto Assets

The UK government has announced a public consultation on the possible expansion of the UK investment manager (“IME”) exemption to cover crypto assets. The IME allows UK-based fund managers to provide management services related to investment transactions to funds located outside the UK without such funds being subject to UK tax. The meaning of “investment …

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Crypto Giant Tether to Launch a Stablecoin Pegged to the British Pound

The smartphone with the Tether logo is placed on US dollars shown in this illustration taken on May 12, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Sign up now for FREE unlimited access to Reuters.com Record LONDON, June 22 (Reuters) – Major crypto firm Tether said on Wednesday it will launch a sterling-pegged “stable coin” next month, …

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Latest Crypto Crash Leaves Punters Bruised and Bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings and earn some spending money from its double-digit interest rates along the way. “I was probably making $100 a week” at places like Celsius, said Fong, a 29-year-old civil aerospace worker who lives …

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UK Boyfriend-To-Be Tried To Rob Store After Crypto Scam

A British groom-to-be was caught on camera trying to rob a shop, just moments after learning he had lost the money to pay for his wedding in a crypto scam, a court has been told. Charity worker Louis Crosby, 25, had “naively” turned his life savings into a bogus digital cash investment, the Sunderland Echo …

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Film on Prophet’s daughter sparks outrage, why?

While India is grappling with outrage against BJP national spokesman Nupur Sharma’s derogatory comments about the Holy Prophet Muhammad, the UK is also in the eye of the storm in a similar case. In recent weeks, the UK has been witnessing protests and demonstrations against the theatrical release of the British epic historical drama film. …

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