Dispute Resolution Blog

Online fraud has been on the rise for many years, and solicitors, with transactional money passing through their accounts, are an obvious target. The pace of attacks has quickened in the past year with the majority of solicitors now working from home. The most obvious culprits, the fraudsters themselves, are usually beyond reach, their cash safely withdrawn or transferred to a jurisdiction where the money cannot be traced. So, who else is there to blame?

Who are the parties?

The pursuer, Sky UK Limited, is a well-known provider of television content for satellite and internet broadcast, including via the channels Sky Arts, Sky Atlantic and Sky News. Viewers have to pay to see Sky’s content, with the exception of Sky Arts which was made available to view for free on 17 September 2020.

The welcome news that the pandemic at least in the UK is abating is encouraging for all of us but, as we all know, there will be a period of economic re-set as Government support is gradually withdrawn and business gets used to life without the safety net of state-backed furlough and enforcement restrictions. 

The UK Supreme Court has found in favour of policyholders in the Financial Conduct Authority’s test case on business interruption insurance cover for COVID-19 related losses. It is thought by the FCA that the decision will affect 370,000 policyholders and it is estimated that the judgment will result in approximately £1.8bn being paid out to businesses in Coronavirus-related claims.

It has recently been reported in the press that two so called “vulture funds” are looking to acquire non-performing loans from two UK banks.