The appeal court has set aside an order granted against the appellant for breach of contract. The parties had concluded an Implementation and Support Services Agreement in terms of which the appellant was paid to implement software for the respondent.
FCA Issues Final Notice to Former Banking CEO Over Anti-Money Laundering Failures
The case provides instructive practical examples of the “reasonable steps” companies can take according to the FCA and a reminder of the FCA’s cultural expectations of CEOs.
By David Berman, Jonathan Ritson-Candler, and Sean Wells
On 16 November
ISS Finalizes Voting Policy Changes for 2023
About a month after proposing changes to its voting policies, ISS announced its updated 2023 voting policies last week (here is the final policy updates — and here is an executive summary). The updated policies will generally be applied
Judge Issues Fierce Defense of Litigation Funding Disclosure Order in Patent Dispute
In the conversation around litigation funding and disclosure, few cases have attracted as much attention as the ongoing proceedings between a Delaware federal judge and Nimitz Technologies, a patent holding company. Since LFJ last reported on Nimitz’s appeal of Judge
Funder’s Future Commitments to be Reviewed After Two Losses
Whilst the large returns on investment for litigation funders are both lauded and criticized by commentators, there is never an absolute certainty that funders will see a positive return on each and every case. This uncertainty has been brought into
Funded Class Action Against UK Universities over Covid Policies May Include Law Schools
One significant driver of class action litigation over the last year has been the after-effects of Covid, and parties claiming damages for the impact of pandemic-related policies implemented by institutions and businesses. One such class action in the UK targeting
New blog post by Adam White discusses “the CFPB’s blank check”; Ballard Spahr to hold Dec. 16 webinar on CFSA decision
The eyes of the consumer finance world are now on the U.S. Supreme Court as it decides whether to grant the CFPB’s certiorari petition in Community Financial Services Association of America Ltd. v. CFPB (CFSA Decision). In the CFSA Decision,
CFPB settles lawsuit against My Loan Doctor and its founder for alleged deceptive marketing of deposit accounts
The CFPB announced last week that it has entered into a proposed settlement of the lawsuit it filed in July 2020 against My Loan Doctor, LLC (“Loan Doctor”) and its founder, Edgar Radjabli, for allegedly making false, misleading, and inaccurate
CFPB rejects challenge to its authority to investigate crypto lender
The CFPB recently denied the petition of Nexo Financial LLC to modify the CFPB’s Civil Investigative Demand (CID) issued to Nexo, rejecting Nexo’s claim that the CFPB does not have jurisdiction to investigate crypto-lending products offered by Nexo such as
PCAOB Proposes New Audit Firm Quality Control Standards
On November 18, 2022, the PCAOB issued a proposed auditing standard designed to modernize and improve audit firm quality control standards. The current standards were developed by the AICPA and were part of the interim standards adopted at the time the