PF International Ltd v The Financial Conduct Authority: [2020] UKUT 0002 (TCC)
Upper Tribunal Tax and Chancery decision of Judge Herrington on 8 January 2020.
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.FINANCIAL SERVICES – strike out application - reference of Supervisory Notice removing regulated activity of exercising lender’s rights and duties under regulated credit agreements - firm’s Part 4A permission subsequently cancelled for failure to file regulatory returns - whether reference should be struck out on the basis that it has no reasonable prospect of succeeding - yes - Rule 8 (3) (c) The Tribunal Procedure (Upper Tribunal) Rules 2008.