LONDON May 21 Britain's financial regulator on
Wednesday won an appeal against a court decision to throw out a
landmark fraud case because some of the defendants had been
unable to find lawyers willing to represent them in court.
The Court of Appeal said the previous ruling involved
errors of law or principle and was not reasonable.
The Financial Conduct Authority welcomed the decision, said
it was committed to pursue criminal action in appropriate cases
and was pleased the case could now proceed to trial.
A Crown Court decision this month to dismiss the case
brought FCA over an alleged land-banking scam has become the
focus of a heated debate over Britain's legal system and a row
over barristers' pay after legal aid rates were cut by 30
percent for so-called Very High Cost Cases.
(Reporting by Kirstin Ridley, editing by Steve Slater)