Practical Law has published a Practice Note by Sean Larkin QC on Collective investment schemes (CIS) dealing with reference in particular to land banking schemes.
The note discusses the key principles from case law in this area and the main elements of a CIS. It also covers the defence of due diligence and sentencing.
Subscribers and trial subscribers to Practical Law can view the note here: http://uk.practicallaw.com/8-616-7792?q=&qp=&qo=&qe=
Sean Larkin KC