
UKSC victory for rate rigging pair
Robert Li
,
The UK’s highest court has overturned the convictions of Tom Hayes and Carlo Palombo for rate manipulation, a stunning end to a saga that has lasted more than a decade.
The UK Supreme Court has today (23 July) handed victory to former city traders Tom Hayes and Carlo Palombo, allowing their appeal and quashing their criminal convictions.
The judgment follows a three-day hearing in March by a five-member tribunal of Supreme Court Justices, composed of Lord Reed as president and Lord Hodge
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Author(s)
Robert Li
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4 Stone Buildings 6KBW benchmark rigging Blackstone Chambers Carlo Palombo Charles Russell Speechlys Corker Binning Derivatives Dishonesty EURIBOR Foundry Chambers Hickman & Rose Karen Todner LIBOR market manipulation Matrix Chambers Mishcon de Reya QEB Hollis Whiteman Red Lion Chambers Serious Fraud Office Southwark Crown Court Three Raymond Buildings Tom Hayes UK Supreme Court US Court of Appeals
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