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How will Tom Hayes' appeal impact future Libor-related cases by July 25, 2025?
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Legal rulings and case outcomes in other Libor-related cases
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Tom Hayes Granted Permission by UK Supreme Court to Appeal Libor Conviction
Jul 25, 2024, 01:25 PM
Tom Hayes, the former star trader who became the face of the Libor scandal, has been granted permission by the UK Supreme Court to appeal his criminal conviction. Hayes, an ex-Libor trader, who was previously convicted for his role in manipulating the London Interbank Offered Rate (Libor), has long maintained his innocence. The decision to allow his appeal comes after significant public and political attention, including remarks in May 2023 by David Davis MP in the House of Commons, highlighting potential miscarriages of justice in Libor-related cases. This development marks a significant turn in the ongoing legal battles surrounding the Libor rate-rigging scandal.
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