- MLS Court Reports Journal Issue 11 - Well done Nick and David! - Last chance to book on to the SQE and Legal Apprenticeships seminar - The Art of Being Unforgettable: Building a Memorable Personal Brand to Enhance Your Visibility - Having challenging conversations – Top 5 tips - Dates for the diary - June Messenger - Spread Betting – Punter’s ‘Bad Decisions’ to Blame for £1.8 Million Losses
A big pat on the back and a huge round of applause to our President Nick Johnson and Vice President David Anderson on their fabulous fundraising efforts and physical exertions in aid of We Love MCR!
Not only did they raise almost £2500 but David also finished an hour before anyone else!
Well done to all involved – a brilliant achievement especially in the heat.
There is still time to donate and you can do so here.
Date: 29 June 2023 Time: 14:00-16:45 Location: Weightmans, No 1 Spinningfields, Hardman Square, Manchester, M3 3EB Cost to attend: MLS Members £20.00 + VAT (£24.00) Non-members £40.00 + VAT (£48.00)
There are still a few places left at our SQE and Legal Apprenticeships seminar on 29th June. If you are you involved in therecruitment, training or supervision of trainees or newly qualified lawyers, or you are considering Legal Apprenticeships or any routes to law other than the LPC this one is for you.
BPP University and firms from the North West will discuss their approach to the SQE.
We will discuss how they are managing the mix of LPC and SQE candidates, are they funding SQE1 and / or SQE 2, if they have embarked on recruiting Legal Apprentices.
The speakers and panel will address the challenges and opportunities presented by the new regime and attendees will be able to reflect upon what is right for their firm.
Date: 12 July 2023 Time: 13:00 to 13:45 Location:Online via Teams Cost to attend: Free but you must book your place
In the second of our personal branding series of webinars join Phil Ossai as he demonstrates the value to your firm in building your personal brand and how it will enhance your firm’s visibility.
Join us to learn how:
Creating a personal brand boosts your firm’s reputation
To address unique challenges in the traditional legal sector
Implementing OSSAI’s 3C’s Framework for brand visibility will support you and your firm
This event is free but booking is essential More about Phil: In 2022, Phil turned his passion for personal branding into a mission, founding OSSAI into a thriving six-figure personal branding agency. OSSAI, under Philip’s leadership, has enabled everything from small law firms to FTSE 100 companies to harness LinkedIn for business results that all professionals actually want: a tangible return on investment not on vanity metrics.
Date: 20 July 2023 Time: 13:00 to 13:45 Location:Online via Teams Cost to attend:Free but you must book your place
A challenging conversation at work is never too far away!
In this webinar, Mike Ode from Potential Unearthed will show you how you can approach this type of conversation with more confidence. He will help you to understand why people ‘kick off’, as well as providing you with a simple structure that you can follow during your chat.
A great virtual learning session packed full of practical tools.
Here’s a flavour of what we cover:
Why do we perceive some conversations as difficult? Maybe it’s time to shift your mindset?
“I am calm” – Understanding the Adult, Parent, Child model
The Exploder v Silent Unresponsive – Learning about different reactions and how to manage each one
“I’m the Victim” “No, I’m the Victim” – Understanding the Drama Triangle
It’s all about the preparation – 6 questions you need to ask yourself
Meet it Head On – Our 7 Steps for structuring your conversation
Operators of spread betting services are required to be transparent about risk and take steps to identify vulnerable punters who might be prone to getting in over their heads. In the case of a businessman who lost a seven-figure sum speculating on oil prices, however, the High Court found that those obligations were met.
The successful, self-made entrepreneur speculated that the price of a particular type of oil, which had collapsed during the COVID-19 pandemic, would soon start to rise again. After he placed a series of time-limited spread bets, however, his prediction sadly turned out to be wrong. When the operator via whom he had placed the bets closed his positions, he had lost in excess of £1.8 million.
He later launched proceedings against the provider, seeking his money back plus substantial damages. He asserted that the provider had not done enough to ensure that its service was appropriate for him and had given him misleading information regarding the expiry date of relevant spread betting contracts. But for those lapses, he said that he would neither have placed the bets nor suffered any loss.
Ruling on the case, the Court accepted that one of the provider’s web pages showed a misleading expiry date on which certain positions would be closed and losses or gains crystallised. However, that had no contractual force and accurate information was available elsewhere. The businessman knew that his spread bets were not open ended and was in any event aware of the correct expiry date.
The Court accepted that the provider’s policy on assessing the appropriateness of its products for particular clients did not in certain respects match its actual approach. That, however, did not alter the fact that its information gathering in respect of the businessman was perfectly adequate. He was clearly aware that the trades were risky and the Court formed the view that he was keen to shift blame for his disastrous financial decision-making onto others.
Dismissing the claim, the Court found that the provider was entitled to take account of his extensive experience of high-risk online trading and had not breached industry rules or acted in breach of contract. It was clear that he was prepared to bet on the relevant market rising when every indicator was that it would fall. He simply made very bad decisions and joined the majority of those who engage in spread betting in losing money.
Case notes: Day v Forex Capital Markets Limited. Case Number: LM-2021-000149
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