In March of this year, the Financial Ombudsman ordered an investment-based Crowdfunding platform to repay a customer his investment on the basis that they had not provided enough information surrounding the details of the investment. This article explores that decision and outlines what measures might be taken by a platform to prevent similar findings.
Online fraud has been on the rise for many years. The advent of lockdown and over a year of working from home has seen the volume of attacks increase by one third, bringing more opportunities for fraudsters to exploit security systems. In most cases, recovery from the fraudsters themselves is impossible.
We have recently focused on the potential for the tough economic road out of the pandemic to increase the volume of professional negligence claims. We now have a very timely decision from the Supreme Court attempting to clarify the legal basis for quantifying loss in such claims.
On June 26, the Financial Conduct Authority (‘FCA’) issued a consumer warning against the world’s largest cryptocurrency exchange, Binance, effectively preventing the exchange from conducting any form of regulated financial activity in the UK.
In one of the most exciting developments in recent years in the field of civil litigation in Scotland, the Court of Session is now accepting group litigations under rules recently introduced.
