All articles by Eduardo Reyes – Page 34
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Support for call to curb hospital and school legal claims
A thinktank arguing for tough limits on legal claims against hospitals and schools is confident it has the support of the relevant government departments, the Gazette can reveal. The Social Cost of Litigation, published this week by the Conservative-leaning Centre for Policy Studies (CPS), argues ...
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‘Litigious climate’ harming public services, says thinktank
The ‘destructive consequences’ of health and education-related litigation have been attacked by influential conservative thinktank the Centre for Policy Studies. Co-authored by social commentator Frank Furedi, ...
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My hope for Chris Grayling
by Eduardo Reyes, Gazette features editor Maybe the new justice secretary is about to have an expensive re-education. I admit that on his record he is not an obvious ‘rule of law’ groupie.
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My hope for Chris Grayling
Maybe the new justice secretary is about to have an expensive re-education. I admit that on his record he is not an obvious ‘rule of law’ groupie. On past form, he thinks it’s fine to shoot robbers in the back when they are running away. He was famously a bit ...
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The reshuffle and the business of law
Under the coalition government, the Ministry of Justice has been marked by a phenomenally loose grasp of detail at the top. When it comes to the business of running a legal practice, this, more than the left-right positioning of ministers, has been a problem. In areas such as the implementation ...
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Shrill reaction from Fiji
Fiji’s interim government craves democratic legitimacy. Yet its members, and a supportive armed services, are unwilling to consider any option that carries the risk of losing power, or being held personally responsible for, actions they took to gain or hold power.
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Banks could not accept the financial products market was saturated
Disputes over interest rate hedging (derivatives) products sold by banks are in the news again this week – this time US state and local governments are looking at whether the products were ‘mis-sold’ and whether they have a case. Closer to home, as predicted by UK lawyers I spoke to ...
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‘Monstrous’ NGO prosecutions in Fiji
Contempt proceedings have been brought by the government of Fiji against a non-governmental organisation for quoting from a Law Society Charity report on the country. The Citizens Constitutional Forum, which supports community education and advocacy in relation to Fiji's Constitution, democracy, human rights and multiculturalism, ...
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Law firm profit divide continues to widen
Revenue has fallen at a quarter of firms over the last year, and the gap in both profitability and growth in turnover between London and the rest of the UK continued to widen. In most firms headcount has remained static or fallen. These are the ...
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UK ‘miscarriages’ model rejected by South Australia
South Australia is now highly unlikely to adopt a UK-style Criminal Cases Review Commission (CCRC), following a report by the parliament’s legislative review committee. The committee also cautioned against the creation of a CCRC at a national level.
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Barclays’ Libor fixing ‘voided’ swaps deals
Barclays’ manipulation of the London inter-bank offered rate (Libor) may have rendered tens of thousands of customer agreements that reference Libor ‘void’, according to a £12m claim against the bank. The case could open the way to claims for sums far exceeding direct losses incurred through Libor manipulation, admitted in ...
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‘Bill of Rights’ consultation shows how bad laws get made
For anyone curious to see the process of rubbish ideas being turned into statutes that operate sub-optimally, I recommend reading the second consultation of the ‘Commission on a Bill of Rights’. This is not to say that Sir Hugh Lewis, the commission’s chair, is ...
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LinkedIn 'can help profession innovate'
‘Crowd-sourced’ innovations can help lawyers temper the worst excesses of government cuts to access to justice, incoming Law Society president Lucy Scott-Moncrieff said this week.
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IRA interviews judgment - history is the loser
This week a US appeal court was asked to choose between the value of law and justice on the one hand, and the value of political stability and academic history on the other. In ordering Boston College to hand over interviews conducted for an oral history project with a convicted ...
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Law Society steps up pressure on Fiji
Fiji’s continued refusal to allow foreign scrutiny of its rule of law has come under public criticism from outgoing Law Society president John Wotton. Wotton’s move follows the publication of a highly critical report by the Law Society Charity, first revealed in the Gazette.
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Barclays ‘faces $6bn in Libor scandal claims’
Barclays Bank Plc could face claims totalling $6bn globally following revelations that staff members were involved in the manipulation of the London inter-bank offered rate (Libor), the Gazette has learned.
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A lawyer should run Barclays
I think I have a solution to the crisis of confidence in our banks - starting with the current vacancy at Barclays, let us put lawyers at the helm of all the important ones. As what has gone awry in recent decades catches up with banks’ chief executives, do not ...
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FSA and banks buy time and credibility on swaps claims
City regulator the Financial Services Authority’s announcement that it has agreed with major banks the terms of a settlement ‘scheme’ to compensate business owners who were mis-sold interest rate swaps (IRS) products relieves some of the enormous pressure that the banks and the FSA itself has been under.
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Steer clear of CMCs, financial watchdog warns bank litigants
City regulator the Financial Services Authority has cautioned small business owners against using claims management companies (CMCs). The warning comes at the end of a damning report on the mis-selling of interest rate hedging products which highlighted banks’ ‘poor sales practices across a number of products’.
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Mis-selling claim papers sent to FSA
Court papers from an ongoing interest rate swap mis-selling claim obtained by the Gazette have been submitted to the Financial Services Authority (FSA) by the MP leading parliamentary scrutiny of the products’ sale to UK businesses.