# Court of Appeal

Type: Company

Source: GetYourBrief — https://getyourbrief.com/entity/court-of-appeal
Canonical HTML page: https://getyourbrief.com/entity/court-of-appeal

## Timeline

- **2026-03-17**: Mass Layoffs Announced — Close Brothers confirms plans to cut nearly a quarter of its workforce to preserve capital.
- **2026-03-17**: Workforce Reduction — Close Brothers announces plans to cut nearly 25% of its staff to manage costs.
- **2026-03-09**: Appellate Ruling — The Court of Appeal affirms the nullification of the convention due to non-compliance with the Electoral Act.
- **2026-03-09**: Wike Statement — FCT Minister Nyesom Wike calls for a total rebuilding of the party following the court's decision.
- **2025-12-15**: Legal Challenges — Aggrieved members file suits challenging the convention's procedural integrity.
- **2025-11-01**: Ibadan Convention — PDP holds its national convention in Ibadan to elect new leadership.
- **2025-02-15**: Dividend Suspension — Close Brothers pauses shareholder payouts to retain capital amid regulatory uncertainty.
- **2024-10-25**: Landmark Court Ruling — The Court of Appeal rules in favor of consumers, stating commissions must be fully disclosed and consented to.
- **2024-10-25**: Court of Appeal Ruling — Judges rule that lenders must disclose commissions to customers, increasing liability risks.
- **2024-01-11**: FCA Review Launched — The FCA announces a formal review into historical motor finance commission arrangements.
- **2024-01-11**: FCA Investigation Launched — The FCA begins a review into historical motor finance commission arrangements.
- **2021-01-28**: FCA Commission Ban — The Financial Conduct Authority bans Discretionary Commission Arrangements (DCAs) in motor finance.

## Recent coverage (3 stories, network-wide)

### Close Brothers to Cut 25% of Workforce Amid Motor Finance Fallout
2026-03-17 09:07:12 · Sector: finance · Sentiment: Negative · Impact: 6/10 · Sources: 7

Close Brothers Group PLC has announced plans to reduce its workforce by nearly 25% as it struggles with the financial and regulatory fallout of the UK car finance commission scandal. The move follows a landmark court ruling that has forced the specialist lender to aggressively preserve capital and pause dividend payments.
Full story: https://getfinancebrief.com/story/close-brothers-layoffs-car-finance-scandal

### Close Brothers to Cut 25% of Staff Amid Motor Finance Legal Fallout
2026-03-17 09:02:39 · Sector: legal · Sentiment: Negative · Impact: 6/10 · Sources: 7

Close Brothers has announced plans to reduce its workforce by nearly 25% as it grapples with the financial and operational aftermath of the UK car finance commission scandal. The move follows a landmark Court of Appeal ruling that has significantly increased potential liabilities for lenders involved in non-disclosed commission arrangements.
Full story: https://getlegalbrief.com/story/close-brothers-layoffs-motor-finance-scandal

### Nigerian Court Nullifies PDP Convention: A Precedent for Party Governance
2026-03-10 01:03:59 · Sector: legal · Sentiment: Neutral · Impact: 5/10 · Sources: 2

The Nigerian Court of Appeal has upheld the nullification of the Peoples Democratic Party's (PDP) November 2025 national convention, citing significant procedural failures and a lack of statutory notice to regulators. This landmark ruling reinforces the judiciary's role in enforcing internal party democracy and strict regulatory compliance within Nigeria's political landscape.
Full story: https://getlegalbrief.com/story/court-ruling-pdp-convention-nullification-wike

---
This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getyourbrief.com/guides/methodology for the full editorial methodology.