Swift given short shrift by tribunal

The Upper Tribunal has dealt decisively with a case of layering that amounted to egregious market abuse: Swift Trade v Financial Services Authority. Nicholas Queree reports

Nicholas Queree (nqueree@petersandpeters.com) is a legal researcher at law firm Peters & Peters in London.

In Clark and another v In Focus Asset Management & Tax Solutions Ltd [2012] EWHC 3669 (QB) it was held that individuals who complained to the FOS about a firm, accepted a favourable decision and received payment, can still litigate to recover more in damages.