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Thinking - Publication

CAT Collective Proceedings - Summer 2025 update

Published on 28 May 2025. By Chris Ross, Partner and David Cran, Partner, Head of Disputes and Zoe Mernick-Levene, Partner

Developments in the UK’s competition collective proceedings regime continue apace with new claims recently issued in the Competition Appeal Tribunal (CAT).

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Thinking - Publication

CAT Collective Proceedings - Summer 2024 update

Published on 24 Jul 2024. By Chris Ross, Partner and David Cran, Partner, Head of Disputes and Zoe Mernick-Levene, Partner

Developments in the UK’s competition collective proceedings regime continue apace with new claims recently issued in the Competition Appeal Tribunal (CAT).

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Thinking - Blog

The CAT's new approach: I can't afford a carriage (dispute)

Published on 02 Jun 2023. By Chris Ross, Partner

Since the collective proceedings regime in the UK's Competition Appeal Tribunal (CAT) kicked off, a number of carriage disputes have arisen. So-called 'carriage disputes' arise when there are two or more competing proposed class representatives (PCRs) seeking certification (and therefore 'carriage') of overlapping class actions.

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Thinking - Publication

Banking and Financial Markets Litigation Update - Summer 2024

Published on 29 Jul 2024. By Carolin Ayres, Senior Associate and Jonathan Cary, Partner and Jessica Davies, Senior Associate and Jake Hardy, Partner and Simon Hart, Partner, Financial Services Sector Lead and Charlotte Henschen (née Ducker), Partner, Professional Practices Sector Lead and Tom Hibbert, Partner and Tim Potts, Senior Associate and Chris Ross, Partner and Christopher Wheatley , Knowledge Lawyer

This summer 2024 update is brought to you by RPC’s top tier banking and financial markets disputes practice in London, with specialists in all areas of financial markets litigation (and arbitration) and a wealth of expertise including frequent involvement in the most complex, high-value, and high-profile disputes in the sphere. Here, we take a look at some of the most important judgments in recent months.

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Profile
Jessica Davies, Senior Associate at RPC

Jessica Davies

Senior Associate

+44 20 3060 6000

London

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Profile
Thinking - Publication

The Role of AI in Disputes

Published on 10 Jun 2025. By Daniel Hemming, Partner and Ricky Cella, Senior Associate and Joshy Thomas, Senior Knowledge Lawyer

While lawyers have had various forms of AI available to them for years, it is generative AI and the development of large language models (LLMs) which is likely to represent a fundamental shift for dispute resolution. This technology now offers language capabilities that have never been seen before, and is likely to transform the way lawyers conduct proceedings.

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Thinking - Blog

What To Know About AI Fraudsters Before Facing Disputes

Published on 29 Aug 2023. By Dan Wyatt, Partner and Christopher Whitehouse, Of Counsel

Fraudsters are quick to weaponise new technological developments and artificial intelligence is proving no exception, with AI-assisted scams increasingly being reported in the news, including most recently one using a likeness of a BBC broadcaster.

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Thinking - Publication

PLC QTRLY - Q3 2025

Published on 10 Nov 2025. By Connor Cahalane, Partner and James Channo, Partner and Karen Hendy, Partner, Head of Corporate & Commercial

This is our Q3 2025 quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Blog

Guide to understanding PSCs and RLEs

Published on 27 Aug 2025. By Neil Brown, Partner

Under the Economic Crime and Corporate Transparency Act 2023, Companies House will be phasing in requirements for people with significant control (PSCs) and relevant officers of relevant legal entities (RLEs) to have their identity verified with Companies House. Therefore, the identification of a company's PSCs and/or RLEs will be as important as ever before.

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Thinking - Blog

New identity verification requirements at Companies House

Published on 27 Aug 2025. By Neil Brown, Partner

From 18 November 2025, Companies House will begin phasing in compulsory identity verification under the Economic Crime and Corporate Transparency Act 2023.

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Thinking - Publication

PLC QTRLY - Q2 2025

Published on 24 Jul 2025. By Connor Cahalane, Partner and James Channo, Partner and Karen Hendy, Partner, Head of Corporate & Commercial

This is our Q2 2025 quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Publication

PLC QTRLY - Q1 2025

Published on 29 Apr 2025. By Connor Cahalane, Partner and James Channo, Partner and Karen Hendy, Partner, Head of Corporate & Commercial

This is our Q1 2025 quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Publication

PLC QTRLY - Q4 2024

Published on 23 Jan 2025. By Connor Cahalane, Partner and James Channo, Partner and Karen Hendy, Partner, Head of Corporate & Commercial

This is our Q4 2024 quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Blog

FCA consults on new reporting obligations for (i) incidents and (ii) third party arrangements

Published on 16 Jan 2025. By Mark Crichard, Partner and Nigel Wilson, Of Counsel and Praveeta Thayalan, Senior Knowledge Lawyer

On 13 December 2024, the FCA published consultation paper CP24/28 (the CP) on proposals for firms to report on operational incidents and, separately, on material third party arrangements. The CP mirrors similar proposals put forward by the PRA and Bank of England on the same day and is designed to align with current international standards (e.g. the EU Regulation on digital operational resilience (DORA)).

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Thinking - Blog

Government consults on regulation of Buy-Now Pay-Later products

Published on 25 Oct 2024. By Whitney Simpson, Of Counsel and Lucy Hadrill, Associate

In 2021, HM Treasury announced its intention to regulate certain unregulated buy-now pay-later (BNPL) products in the UK. This followed recommendations made in the Woolard Review which raised concerns about the increased use of BNPL products during the pandemic and the significant risk that these unregulated credit products could cause consumer harm.

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Thinking - Blog

FCA consults on changes to the payments safeguarding regime

Published on 24 Oct 2024. By Whitney Simpson, Of Counsel and Lucy Hadrill, Associate

Under the Payment Services Regulations 2017 (PSRs) and the E-Money Regulations 2011 (EMRs) payment institutions (PIs), electronic money institutions (EMIs), small EMIs and credit unions are required to protect "relevant funds" which they receive when making a payment or in exchange for e-money that has been issued. Current safeguarding requirements are set out in the PSRs and EMRs, with guidance contained in the Financial Conduct Authority's (FCA) Approach Document.

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Thinking - Publication

PLC QTRLY - Q3 2024

Published on 15 Oct 2024. By Connor Cahalane, Partner and James Channo, Partner and Karen Hendy, Partner, Head of Corporate & Commercial

This is our Q3 2024 quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Publication

PLC QTRLY - Q2 2024

Published on 31 Jul 2024. By Connor Cahalane, Partner and James Channo, Partner and Karen Hendy, Partner, Head of Corporate & Commercial

This is our regular quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Blog

UK government updates NSIA market guidance and statement on call-in powers

Published on 10 Jul 2024. By Yexi Tran, Senior Associate

Recent developments such as the removal of Huawei from the UK's 5G networks and President Biden's 2023 executive order on outbound investment in sensitive technologies have brought into focus potential national security risks arising from global trade and investment.

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Thinking - Publication

PLC QTRLY - Q1 2024

Published on 17 Apr 2024. By Connor Cahalane, Partner and James Channo, Partner and Karen Hendy, Partner, Head of Corporate & Commercial

This is our regular quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Publication

PLC QTRLY - Q4 2023

Published on 05 Feb 2024. By Connor Cahalane, Partner and James Channo, Partner and Karen Hendy, Partner, Head of Corporate & Commercial

This is our regular quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Publication

PLC QTRLY - Q3 2023

Published on 12 Oct 2023. By Connor Cahalane, Partner and James Channo, Partner and Karen Hendy, Partner, Head of Corporate & Commercial

This is our regular quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Publication

PLC QTRLY - Q2 2023

Published on 14 Jul 2023. By Connor Cahalane, Partner and Karen Hendy, Partner, Head of Corporate & Commercial and Rosamund Akayan, Senior Knowledge Lawyer

This is our Q2 2023 quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Publication

PLC QTRLY - Q1 2023

Published on 19 Apr 2023. By Connor Cahalane, Partner and Karen Hendy, Partner, Head of Corporate & Commercial and Rosamund Akayan, Senior Knowledge Lawyer

This is our regular quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Publication

PLC QTRLY - Q4 2022

Published on 02 Feb 2023. By Connor Cahalane, Partner and Karen Hendy, Partner, Head of Corporate & Commercial and Rosamund Akayan, Senior Knowledge Lawyer

This is our regular quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Publication

PLC QTRLY - Q3 2022

Published on 14 Nov 2022. By Connor Cahalane, Partner

This is our regular quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Blog

US and Chinese regulators sign landmark agreement on inspection of Chinese audit work

Published on 02 Sep 2022. By Antony Sassi, Managing Partner and Samuel Hung, Partner and Jennifer Leung, Associate

On 26 August 2022, the US Public Company Accounting Oversight Board (PCAOB) and the PRC China Securities Regulatory Commission (CSRC) and Ministry of Finance (MoF) signed a Statement of Protocol that would allow US regulators access to audits of Chinese companies listed on the US stock exchanges.

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Thinking - Publication

PLC QTRLY - Q2 2022

Published on 26 Jul 2022. By Connor Cahalane, Partner

This is our regular quarterly update to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Thinking - Publication

PLC QTRLY - Q1 2022

Published on 13 Apr 2022. By Connor Cahalane, Partner

Post-Covid and post-Brexit changes are on the horizon for the UK's public companies. This is the first of our regular updates to help our listed company clients and other market participants keep up to date with key developments relevant to issuers on the Main Market and AIM market of the London Stock Exchange.

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Press and Media

UK authorities seize £179m from suspected criminals – up 16% in a year

Published on 16 Oct 2023. By Adam Craggs, Partner and Head of Tax, Investigations and Financial Crime and Michelle Sloane, Partner

UK authorities, including the SFO, HMRC and police, seized £179m last year[1] from criminals using draconian Confiscation Orders – an increase of 16% on £154m a year earlier, according to analysis of new data by international law firm RPC.

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Thinking - Blog

2023 Update - CAT Collective Proceedings

Published on 10 Feb 2023. By Chris Ross, Partner

A new era of consumer-focussed competition class actions is now well underway. It kicked off with the first collective proceedings order (CPO) granted by the Competition Appeal Tribunal (CAT) in Merricks in the summer of 2021, opening the gates for further collective claims to be certified.

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Thinking - Snapshot

The EU’s Work Programme 2025 – ePrivacy Reg and AI Liability Directive dropped!

Published on 09 May 2025. By Oliver Bray, Senior Partner, Technology, Media & Entertainment Sector Lead and David Cran, Partner, Head of Disputes

What are the main takeaways for the tech industry from the European Commission’s Work Programme 2025?

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Thinking - Snapshot

EU Guidance on the AI Act

Published on 09 May 2025. By Oliver Bray, Senior Partner, Technology, Media & Entertainment Sector Lead and David Cran, Partner, Head of Disputes

How is the European Commission helping businesses interpret the EU’s Artificial Intelligence Act (AI Act)?

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Thinking - Snapshot

The Online Safety Act: Illegal Harms Codes officially in force, focus now on children

Published on 09 May 2025. By Oliver Bray, Senior Partner, Technology, Media & Entertainment Sector Lead and David Cran, Partner, Head of Disputes

What are service providers’ new obligations under Ofcom’s new Codes of Practice on Illegal Harms and its Age Assurance and Children’s Access Guidance?

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Thinking - Snapshot

The UK Government’s consultation on Copyright and AI

Published on 09 May 2025. By Oliver Bray, Senior Partner, Technology, Media & Entertainment Sector Lead and David Cran, Partner, Head of Disputes

How is the UK Government considering striking the balance between the protection of copyright in materials and the training of AI?

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Thinking - Snapshot

UK’s new AI Cyber Security Code of Practice

Published on 09 May 2025. By Oliver Bray, Senior Partner, Technology, Media & Entertainment Sector Lead and David Cran, Partner, Head of Disputes

How is the UK Government seeking to protect AI systems from growing cyber security threats, in particular in respect of deployable AI systems using GenAI?

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Thinking - Snapshot

UK’s “AI Opportunities Action Plan”

Published on 09 May 2025. By Oliver Bray, Senior Partner, Technology, Media & Entertainment Sector Lead and David Cran, Partner, Head of Disputes

How will the UK Government’s new AI Opportunities Action Plan (Plan) impact businesses?

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Thinking - Publication

All is not (necessarily) lost: Crypto crime recovery

Published on 30 Jun 2022. By Adam Craggs, Partner and Head of Tax, Investigations and Financial Crime

With over 2 million people in the UK now holding and using cryptocurrency, and the Chancellor announcing that a government backed non-fungible token ("NFT") is to be issued by the Royal Mint this summer, the market for crypto-assets is expected to continue to grow in the coming months and years; so much so that legislation is planned to implement a new regulatory regime for the crypto market.

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Thinking - Publication

Arbitration or winding up?

Published on 17 Sep 2019. By Charles Allen, Partner, Head of Hong Kong office

In But Ka Chon v Interactive Brokers LLC [2019] HKCA 873, the Hong Kong Court of Appeal upheld a lower court's decision to reject an application to set aside a statutory demand. The appellant had argued (among other things) that an arbitration clause in his agreement with the respondent required their dispute to be referred to arbitration.

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Thinking - Publication

First (Brands) of many? US firm collapses rock private credit markets

Published on 06 Nov 2025. By Daniel Hemming, Partner and William Monaghan, Associate

Since we last wrote about private credit in early September, the market has been rocked by the collapse of US car parts company First Brands. The First Brands debacle, the similar demise of the subprime lender Tricolor and concerns in the US regional banking sector all appear set to cause billions of dollars in losses across capital markets. First Brands and Tricolor both collapsed with unnerving speed amid allegations of fraud, culminating in First Brands suing its own founder for allegedly misappropriating billions of dollars of company money. Litigators like us are watching the fraud allegations and related inter-creditor disputes closely, but the broader industry will be more concerned by what they say about private credit markets as a whole.

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Thinking - Blog

Improving transparency: new rules on public access to documents in proceedings

Published on 31 Oct 2025. By Daniel Hemming, Partner and Nadia Asfour , Associate

From 1 January 2026, new rules will come into force in the Commercial Court, London Circuit Commercial Court and Financial List with the aim of improving public access to documents in civil proceedings. The new rules will require legal representatives to add various categories of documents referred to at public hearings to the Court's electronic file, meaning they will be, by default, available to the public. The new rules are governed by Practice Direction 51ZH and are part of a 2-year pilot scheme aimed at improving transparency and open justice in the civil courts.

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Thinking - Blog

Judicial guidance on time limits for challenges to post-arbitral awards

Published on 27 Oct 2025. By Karina Plain, Senior Associate and Kirtan Prasad, Of Counsel

The question of whether challenges brought under section 72(1) of the Arbitration Act 1996 (the AA) can be made post-award has been a source of judicial and academic debate.

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Thinking - Publication

Dust Settles in Favour of Industrial Defendant: Andrews v Kronospan Limited

Published on 20 Oct 2025. By Zoe Mernick-Levene, Partner and Alexandra Prato, Associate

In the recent case of Andrews v Kronospan Limited [2025] EWHC 2429 (TCC), the High Court rejected a group nuisance claim brought by residents living near a major wood-processing facility in North Wales.

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Thinking - Blog

First of a kind: High Court grants injunction restraining enforcement of an English Court judgment

Published on 16 Sep 2025. By Dan Wyatt, Partner and Sarah Barrie, Associate

Recent High Court judgment clarifies the scope of the English court's powers to grant anti-enforcement injunctions and the applicable legal test for granting anti-suit injunctions

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Thinking - Blog

Allegations of arbitrator bias fall flat in the recent case of V and N v K

Published on 12 Sep 2025. By Jessica Davies, Senior Associate and Shai Wade, Partner, Head of International Arbitration

In the recent case of V and N v K[1] the High Court confirmed the high threshold required for establishing arbitrator bias and considered the extent of an arbitrator's duty to disclose previous appointments in arbitrations under the London Maritime Arbitrators Association (LMAA) Rules. The judgment provides a useful review of the principles and serves as a reminder for parties to ensure that any challenges to arbitrator independence are properly particularised, considering the relevant practice for arbitrator appointment in the relevant field.

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Thinking - Publication

The Competition Appeal Tribunal provides further guidance on "standard requirements" in CPO Applications

Published on 04 Sep 2025. By Chris Ross, Partner and Zoe Mernick-Levene, Partner and Alexandra Shearer, Senior Associate

The landscape surrounding the certification by the Competition Appeal Tribunal (the Tribunal) of applications for Collective Proceeding Orders (CPOs) (the necessary first step before a collective action can proceed to trial in the Tribunal) continues to develop as more claims proceed through the certification process and judgments are published. Now the legal principles underlying the certification of a collective action are better established, the Tribunal appears to be turning its mind to more forensic procedural management of this process, and establishing a series of standard requirements it expects proposed class representatives (PCRs) to meet in CPO applications.

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Thinking - Blog

Down and (finally) out: The Privy Council confirms the end of the Shareholder Rule exception to privilege

Published on 26 Aug 2025. By Adam Forster, Partner and Hazel Meikle-Downing, Associate

The Privy Council has resolutely confirmed the end of the "Shareholder Rule" exception to legal professional privilege – a decision that may have a significant impact on shareholder claims in the English courts going forward.

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Thinking - Blog

Margin calls in times of market turbulence

Published on 02 Jul 2025. By Jake Hardy, Partner and Simon Hart, Partner, Financial Services Sector Lead and Fred Kuchlin, Senior Associate

This case serves an illustration of the factors that the court will take into consideration when weighing up the competing interests of confidentiality obligations against the duty of disclosure, here under the rules of the disclosure pilot under PD 51U. The court found that confidentiality obligations owed to the IMF did not override the duty of disclosure. The court took into account both the scope of the confidentiality obligation and the relevancy and contemporaneous quality of the documents.

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Thinking - Blog

RPC traces the trends for LIDW25

Published on 30 Jun 2025. By Jonathan Cary, Partner

With London International Disputes Week 2025 now wrapped up, we are reflecting on what it might tell us about the evolution of the disputes landscape.

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