Dealing with allegations of regulatory breaches
There is a growing trend for companies and their advisers to try to score points in existing legal disputes by making allegations against a counter-party of regulatory breaches in relation to other unrelated matters. The allegations may or may not have merit, but what is the best way to deal with aggressive action of this sort? What are companies obliged to say and what should they say?
Examples of the sorts of things we have seen alleged in solicitors’ correspondence (paraphrased):
- ‘On x date, your client made an RNS announcement saying y. This was a false and misleading statement. We demand a correction and an explanation for this blatant breach of the disclosure rules.’
- ‘On x date y, event took place. Your client did not announce this material news to the market until very late on the same day. Please explain this serious breach of the market rules.’ …
Click on the link below to read the rest of the Memery Crystal briefing.
News from Memery Crystal
News from The Lawyer
Briefings from Memery Crystal
The recent £22m arbitration award against HM Government in favour of Raytheon, provider of the troubled UN E-Borders project, has once again shone the spotlight on international commercial arbitration.
Memery Crystal’s Merrill April presents five top tips regarding employment status.
Analysis from The Lawyer
Commercial court waiting times are rising to new levels says the Lord Chief Justice