HIGH COURT REJECTS PRIVILEGE CLAIM IN REGULATOR REQUEST FOR DOCUMENTS

Out-Law on 17th September reported that documents sought by the Financial Reporting Council (FRC) from Sports Direct in connection with an FRC investigation into Sports Direct’s auditor must be handed over.  Sports Direct had claimed that the documents need not be handed over as they were protected by legal professional privilege (LPP).  However, the High Court has now ruled that the production of documents to a regulator solely for the purposes of a confidential investigation by the regulator into conduct of a regulated person does not infringe privilege.

https://www.out-law.com/en/articles/2018/september/high-court-rejects-privilege-claim/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s