The Supreme Court has refused the Claimants permission to appeal the Court of Appeal’s decision in Anderson v Sense Network Ltd [2019] EWCA Civ 1395 to the Supreme Court, because their application did not raise an arguable point of law. Simon Howarth and Alexander Echlin acted for Sense Network, the successful Defendant.
Read their case note on the Court of Appeal’s decision – the first appellate authority on section 39 FSMA, which contains important discussion of the definition of an Unregulated Collective Investment Scheme – here.