The following Corporate Crime practice note provides comprehensive and up to date legal information covering:
From 1 April 2014 enforcement of the Consumer Credit Act 1974 (CCA 1974) became the responsibility of the Financial Conduct Authority (FCA), which took the responsibility from the abolished Office of Fair Trading (OFT) and local trading standards.
However section 230 of the Enterprise Act 2002 (EnA 2002) requires trading standards to give notice to the FCA of intended prosecutions and their outcome under specified enactments and secondary legislation.
From 1 October 2015, the enforcement powers under a wide range of consumer protection legislation, including the CCA 1974, have been consol
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This Practice Note considers the meaning and use of conditions precedent in commercial arrangements. It also considers typical conditions precedent and drafting issues.What are conditions precedent?A condition precedent in a commercial contract details an event which must take place before:•a
An intention to create legal relations is requiredThere are various situations in which a court will hold that an agreement is not binding because, though supported by consideration, it was made without any intention of creating legal relations (see, eg, Blue v Ashley).Did the parties intend to
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Background to the Single RulebookHistorically, the European Commission (Commission) favours using Directives (rather than Regulations) to set out its legislation in respect of the financial services sector. However, Directives, allowing Member States greater flexibility in how they implement
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