The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
The Securities and Investment Board is claiming a rare victory in persuading a High Court judge to allow the public access to court documents in the Scandex trial, which ended last month (26 March).
The SIB brought Scandex to court on behalf of investors who had been cold-called by the Danish firm with offers of financial services.
The court found that the company's managing director was knowingly concerned in an unauthorised business and ordered Scandex to compensate the investors, in a way to be determined at a future hearing.
Normally, under the Financial Services Act 1986, the affidavits obtained for such a trial are not made public unless read out in court, but the SIB asked for and obtained leave from Judge Carnwath for them to be available.
An SIB spokesman said: "We are seeking to use this as a precedent for similar cases in the future where there may be a real chance of assisting investors to take actions on their own behalf."
During the trial, the judge said: "Any monetary order against the company would be of negligible value."