Cypriot bailout: can authorities get away with paying nothing at all?

Cypriot bailout

By Amanda Cohen Cypriot authorities are considering imposing levies on account holders to meet a condition of an IMF/ECB bailout to support Cypriot banks which have lost 4.5bn Euros on their holdings of Greek bonds. The first question to consider is whether this contravenes Art 1 of the First Protocol of the European Convention on Human Rights which protects the […]

LIBOR – the conspiracy theory

Paul Tucker

By David Allan          For those who are partial to conspiracy theories Paul Tucker’s evidence to the Treasury Select Committee on 9 July earlier this year was a real treat. Short of evidence proving that Jack the Ripper was Prince Albert Victor, or MI6 putting their hands up to involvement in the death of Princess Diana, […]

Cash forfeiture: fruits of the forbidden tree

cash forfeiture

By David Allan UKBA v Tuncel and Basbaydar [2012] EWHC 402 (Admin) is a decision of the High Court that is potentially significant in the field of cash seizure and forfeiture proceedings under Pt 5 Ch 3 of the Proceeds of Crime Act 2002. Under the Act, certain law officers may seize cash if they […]