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04 September 2015
Issue: 7666 / Categories: Case law , Law digest , In Court
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Financial services

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Financial Conduct Authority v Da Vinci Invest Ltd [2015] EWHC 2401 (Ch), [2015] All ER (D) 77 (Aug)

The present was the first case in which, in addition to seeking an injunction under s 381 of the Financial Services and Markets Act 2000, the claimant Financial Conduct Authority invited the court to impose a penalty for market abuse under s 129 of the Act. The Chancery Division gave guidance on the relevant statutory provisions, and granted injunctions and penalties against the defendants.

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