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ClientEarth v FCA: The IEA and The Strength of the North Sea

Earth from space
Photo: NASA/Getty Images

Blocking of ClientEarth’s application for judicial review may deter future claims.

ClientEarth’s renewed application for permission to apply for judicial review of the decision of the FCA to approve the prospectus of Ithaca Energy plc (Ithaca) has been refused by the High Court.

The high-level approach taken by the court to evaluating the risk factors in Ithaca’s prospectus and the