Top Stories

• 

  Crispin Odey Loses Appeal Against Financial Services Ban

  By Christopher Crosby

  Crispin Odey failed to overturn his ban from working in the financial services industry on Monday as a tribunal ...(read more)

• 

  Gov't To Overhaul Student Loan Disclosures After Probe

  By Joel Poultney

  The U.K. government said Sunday that it would change how student loans are presented to prospective students in ...(read more)

• FSCS Wins Time-Bar Fight Over Failed Pension Investments

  By Joel Poultney

  A judge has ruled against savers seeking restitution for failed pension investments, finding that the Financial Services Compensation Scheme was right to reject their claims for allegedly lost returns on investments because they were filed too late. 

• LSE Tokenized Shares 'Must Have Protections For Listed Cos.'

  By Najiyya Budaly

  The London bourse must reconcile how shareholder rights, ownership and settlement will interact with the tokenized versions of stocks it plans to launch to ensure listed companies have adequate protections when completing transactions and funding rounds, lawyers say.

• KPMG Investigated Over Prax Group's State Oil Audit

  By Laura Stewart Liberty

  The U.K. accounting regulator said Friday that it is investigating KPMG, PKF Littlejohn and an accountant over audits of State Oil, part of collapsed oil business Prax Group.

• Pogust Faces October Fight With Clients Over BHP Mandate

  By Robbie Kalus

  Pogust Goodhead must prove that it can continue representing claimants in the Mariana dam litigation at an October High Court hearing against clients seeking to replace it with a rival firm led by its former partners.

• Kelkoo Says Google's EU Fine Supports UK Damages Claim

  By Joanne Faulkner

  Google's recent €460 million ($534 million) fine for breaching the European Union's digital markets rules is highly relevant to Kelkoo's U.K. damages claim against the tech giant, the shopping comparison website told the Competition Appeal Tribunal on Friday.

• Premier League's £10M Stays Frozen Over Crime Suspicions

  By Ronan Barnard

  The Premier League lost its bid to unfreeze over £10 million ($13.5 million) in accounts when a London judge ruled Friday that they should remain frozen until January, finding grounds to suspect the money could be criminal proceeds.

• Gov't Says FCA 'Competitiveness' Mandate Will Save £1.6B

  By Martin Croucher

  The government said a new requirement for watchdogs to consider U.K. competitiveness when they develop regulations will boost the economy by £1.6 billion ($2.2 billion) over the next decade.

• Oligarch's Estate Can Run Matrimonial Law Case In $3B Fight

  By Sophia Dourou

  The widow and daughter of a Russian tycoon have failed to prevent a representative for his estate from pursuing Ukrainian matrimonial asset arguments in the English court, the latest development in their long-running $3 billion inheritance dispute.

• Watchdog Restricts Toscafund In £1B Spire Healthcare Deal

  By Najiyya Budaly

  Britain's merger and acquisitions authority said Friday that it has put restrictions on a consortium including investment manager Toscafund during its £1 billion ($1.4 billion) takeover of Spire Healthcare because a company linked to the buyers violated the Takeover Code by selling shares in the London-listed target.

• Ex-Goodwin M&A Lawyer Pleads Not Guilty To Insider Trading

  By Christopher Crosby

  A former Goodwin Procter lawyer pleaded not guilty to insider trading at a London court on Friday over allegations that he traded securities while working on a deal to take a British maternity-wear company private.

• Insurers Still Liable For Petrofac Execs' Bribery Defense Costs

  By Ronan Barnard

  Nine Lloyd's insurers lost the first round of their bid to avoid covering the criminal defense costs of two former Petrofac executives when a London judge rejected their arguments on Friday, ahead of their bribery trial in October.

• FCA Accuses 5 Men Of Running £4M Water Bottling Fraud

  By Christopher Crosby

  Five men fleeced investors out of £4 million ($5.4 million) in an "elaborate" scam involving water bottling projects that failed to produce a single drop of liquid, prosecutors said at the start of a trial on Friday.