Ivey and legal certainty in rate-rigging prosecutions
In Bermingham & Anor[1], the Court of Appeal (Fulford LJ V-P, Cutts J and Sir Nicholas Blake) refused to overturn the convictions of two former Barclays PLC traders for conspiring to manipulate the ‘Euribor’ (Euro Interbank Offered Rate). Amongst other things, the court considered whether the change from the Ghosh test (applicable at the time […]