4th Apr 2016Blog
Do Tom Hayes’ confiscation proceedings reveal a softening approach towards defendants by the Courts?
Former UBS and Citi Bank trader Tom Hayes, the only person to be found guilty in the UK of trying to manipulate Yen LIBOR rate, has had his sentence reduced at the Court of Appeal from 14 to 11 years. Mr. Justice Cooke has now made a confiscation order at £878,806, far less than the […]