Daisy Daynes
The Potentially Damaging Effects of Non-Compliance with PD57AC
By Harry Denlegh-Maxwell and Daisy Daynes on Oct 22, 2024
Posted In Investment, Court Judgment, Regulatory/Compliance, United Kingdom
On 14 August 2024, in the case of Timothy Fulstow and Robert Woods v Jeremy Francis [2024] EWHC 2122 (ChD) (Fulstow), the High Court dismissed a high value investment claim, partly because the claimants’ witness statements were in clear contravention of Practice Direction 57AC (PD 57AC). This case acts as a cautionary tale for legal...
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