Jonathan Fisher KC provides legal insight in The Guardian and The Times

August 5, 2025

Jonathan Fisher KC offered insight to a range of media into the Supreme Court’s decision to overturn the convictions of Tom Hayes and Carlo Palombo for rigging benchmark interest rates.

Jonathan Fisher KC noted that while the Court attributed the failure to judicial error, the case highlighted the broader challenge of prosecuting complex financial market fraud in criminal courts — not just in the UK but globally, citing a recent U.S. case where a conviction was also overturned.

Reflecting on the two city trader appeal wins Jonathan commented: “it reflects the broader reality that these cases are inherently complex … and the consequences of a failed prosecution can be devastating for the individual involved. In this case it is extremely troubling that both defendants spent time in prison when, as the Supreme Court has now made clear, they shouldn’t have.”

Commentary in:

The Guardian: [The Guardian]

The Times: [The Times]

Law Gazette: [Law Gazette]

Jonathan is ranked as a leading King’s Counsel in Financial Crime, Proceeds of Crime, Fraud (Civil and Criminal), and Tax (Corporate and VAT) cases. Additionally, he holds a PhD from LSE where he is a Senior Fellow and Visiting Professor in Practice: [Jonathan Fisher KC]