Top Stories

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  UK Threatens To Sue Abramovich Over Chelsea FC Sale

  By William Janes

  The government has threatened to sue Roman Abramovich to make sure that £2.5 billion ($3.4 billion) made from th...(read more)

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  EU Hits Two Delivery Firms With €330M Fine For Market Cartel

  By Ronan Barnard

  The European Commission said Monday that it had slapped two food delivery companies with a total of €329 million...(read more)

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• KKR Quits Thames Water Rescue, Renationalization Risk Up

  By Najiyya Budaly

  Private equity heavyweight KKR has pulled out of plans to help rescue debt-ridden Thames Water, the U.K.'s largest water utility said Tuesday, leaving it vulnerable to special administration and even renationalization as a final option.

• Peers Go To Bat Again Over AI Copyright Concerns

  By Alex Baldwin

  Peers voted once more on Monday to introduce an amendment requiring artificial intelligence companies to be transparent about the copyrighted works they are training data on, in the third round of pingpong over the issue.

• Latham Takes A Team Of 11 From A&O Shearman

  By Ashish Sareen

  Latham & Watkins LLP said Monday it has significantly bolstered its structured finance transactions practice by taking on a team of 11 lawyers from A&O Shearman in London.

• Ward Hadaway Opens In Birmingham To Tap Midlands Market

  By Ashish Sareen

  Ward Hadaway LLP opened its doors in Birmingham on Monday, its first new office launch in more than a decade as it looks to tap into more opportunities to provide legal services to clients in central England.

• FCA Pledges Action On Insurers Over Client Harm Complaints

  By Alex Davidson

  The Financial Conduct Authority has said it will act where it finds general insurers harm consumers following a complaint by Which?, the advocacy group, which includes a petition signed by 170,000 consumers.

• Petrofac Creditors Challenge $355M Rescue Deal On Appeal

  By Sophia Dourou

  Samsung and an Italian oilfield services company urged the Court of Appeal Monday to overturn a $355 million restructuring plan won by Petrofac Ltd., arguing an earlier judge was wrong to hold they would not be "worse off" under the plan as creditors of the business.

• Weil-Led Sanofi To Buy US Drugmaker For Up To $9.5B

  By Tom Fish

  Sanofi said Monday it has agreed to acquire its U.S. rival Blueprint Medicines Corp. for a maximum of $9.5 billion, as the French drugmaker moves to bolster its immunology portfolio with three promising treatments.

• FCA Wins OK For £1M Fine On Pensions Transfer Pros

  By Ronan Barnard

  The finance watchdog said Friday that a tribunal has approved its decision to ban two financial advisers from working in financial services and impose approximately £1 million ($1.3 million) in fines over their pension transfers that put clients' retirement money at risk.

• Consultant Solicitor Loses Appeal For Ex-Colleagues' Fees

  By Tabitha Burbidge

  A consultant solicitor has lost his appeal to claim a share of fees from work his colleagues had done for his clients, as an appellate judge concluded that he is only entitled to fees for work he did personally.

• CMS Adds Indian Firm To Network In Push Into Market

  By Ashish Sareen

  CMS said Wednesday that Indian outfit Induslaw has become a member of its international network, giving its clients access to integrated legal support to boost its position as the local market opens up to foreign firms.

• Food Factory Workers Revive COVID Negligence Case

  By Adele Redmond

  Four food factory workers have revived their personal injury claim that their employer's negligence caused them to catch COVID-19, as a court ruled on Wednesday that a lower court was wrong to deem their case hopeless.

• SFO Charges Airline Parts Boss With Fraud Over Fake Parts

  By Christopher Crosby

  The Serious Fraud Office charged the director of a company based in Britain with fraud on Wednesday, alleging that he had falsified documents for the sale of engine parts to major airlines around the world.