Application For Leave To Appeal Granted To GFSC

In our recent article (available here) we considered the findings of LB Marshall KC in Domaille, Clarke & Hannis (together the "Respondents") and the Guernsey Financial Services Commission (the "Royal Court Judgment"). In the Royal Court Judgment, LB Marshall KC allowed an appeal brought by the Respondents against sanctions imposed upon them by a Senior Decision Maker ("SDM") appointed by the Guernsey Financial Services Commission ("GFSC").

The GFSC was initially refused leave to appeal against the Royal Court Judgment (with LB Marshall KC holding that none of the grounds of law was sufficiently arguable and that the case did not disclose an issue which ought to go to the Court of Appeal in the public interest).