The following Financial Services practice note provides comprehensive and up to date legal information covering:
This tracker aims to assist banking and financial services regulatory lawyers, track relevant developments published by the EU in relation to the conflict in Ukraine. It includes legislation and other announcements from the European Commission, the Council of the EU, the European Parliament and its Committee on Economic and Monetary Affairs (ECON), the European Baking Authority (EBA), the Single Resolution Board (SRB), the European Central Bank (ECB), the European Securities and Markets Authority (ESMA), and the European Systemic Risk Board (ESRB).
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Rescission of a contractWhat is rescission of a contract?The remedy of rescission is available to a party whose consent, in entering into a contract, has been invalidated in some way:•the effect of rescinding a contract is to extinguish it and restore the parties to their pre-contractual
MedcoSTOP PRESS: A new RTA small claims protocol for whiplash claims comes into effect for accidents occurring on or after 31 May 2021. The small claims track limit for personal injury claims arising from an RTA is increased to £5000 in respect of general damages for pain, suffering and loss of
Methods of statutory interpretation used to resolve ambiguities in legislationIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP
Contract interpretation—express terms in contractsExpress and implied contractual terms distinguishedContractual terms may be either express or implied:•express terms—are terms which are actually recorded in a written contract or openly expressed in an oral contract at the time the contract is made
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