sentences:  When it was refused leave to seek judicial review by the High Court, it appealed to the Court of Appeal.The main issue facing the Court was whether to review the decision of a Panel set up under private law using the standards usually applied in administrative law.The Court of Appeal held that the powers exercised by the Panel (regulating take-overs and enforcing a code of conduct on them) were essentially in the domain of public law and formed part of the Government's scheme to regulate the City.