Top Stories

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  Oasis Sues Ex-Soundman Amid Auction Of Unheard Tapes

  By Jamie Lennox

  British rock band Oasis sued its former sound engineer in a London court on Tuesday ahead of an auction of hundr...(read more)

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  UK Plans To Cap Landlord Permission Fees For Leaseholders

  By William Janes

  The government said Tuesday that it plans to "fundamentally rewire homeownership" by capping the fees that landl...(read more)

• Linklaters-Led Molten Metal Handler Mulls £1.37B Proposal

  By Dawood Fakhir

  Molten metal engineering company Vesuvius said Tuesday it has received "a series of unsolicited nonbinding indicative proposals" from Austrian rival RHI Magnesita NV, the latest of which values the British company at about £1.37 billion ($1.8 billion).

• AI Smashes Defenses Of Crypto Applicants For FCA Regime

  By Alex Davidson

  Criminals using artificial intelligence could smash through the systems and controls of many crypto businesses planning to apply for authorization under the Financial Conduct Authority's crypto regime in the six-month window that starts Wednesday, lawyers have warned.

• Borough Contests £4.6M Award Over Director's Grenfell PTSD

  By Eddie Beaver

  A London borough urged an appeals tribunal Tuesday to cut a former director's £4.6 million ($6.1 million) discrimination award, arguing that her pre-existing PTSD from working on the aftermath of the Grenfell Tower fire should reduce her compensation.

• Burnham Gov't To Scrap State Pensions Triple Lock

  By Martin Croucher

  The government will scrap the triple lock on state pensions to pay for greater investment in social care, Prime Minister Andy Burnham said Tuesday.

• Co-op Gets Tentative OK For Merger With Plan To Sell Stores

  By Joel Poultney

  The antitrust watchdog said Tuesday that it provisionally believes that a proposal by the Co-operative Group to sell 15 convenience stores and two funeral homes would allay its competition concerns over the retailer's completed acquisition of a rival.

• MFS Boss Blames Barclays For Collapse In £1.3B Fraud Case

  By Sophia Dourou

  The former owner of Market Financial Solutions has denied siphoning off £1.3 billion ($1.7 billion) from the property finance business, blaming Barclays for its collapse.

• Apple, Amazon Face Trimmed Class Action Over Reseller Pact

  By Isabel Jackson

  Apple and Amazon must face a trimmed-down class action after the Competition Appeal Tribunal partially certified a resurrected claim on Monday alleging that the companies colluded to exclude resellers of Apple products from Amazon's U.K. marketplace.

• Landlord's Transferred Loss Case Flags Group Contract Gaps

  By William Janes

  The U.K. Supreme Court's refusal to let a restaurant's parent company recover the eatery's lost profits from its landlord under the principle of transferred loss has prompted lawyers to urge corporate groups to review their structures and contracts.

• Serle Court KC Says Ex-Football Agent Owes Legal Fees

  By Jamie Lennox

  A veteran King's Counsel has sued a former football agent and client in a London court, accusing him of failing to pay £281,400 ($373,000) in legal fees before raising a "litany of complaints" about the legal services he received.

• Binance, Kraken Bid To Decertify Shrunken BSV Class Action

  By Sophia Dourou

  A group of cryptocurrency exchanges urged the Competition Appeal Tribunal on Monday to toss out a class action by crypto traders, arguing that the greatly reduced value of the once £10 billion ($13.3 billion) claim means that litigation costs outweigh benefits to the class.

• UK Extradition Rules Weaken Retrial Safeguards For Suspects

  By Christopher Crosby

  New rules coming into force on Tuesday that curtail the legal protection offered by the U.K. to suspects in foreign extradition proceedings could have a profound impact on their right to a fair trial, experts in white collar crime say.

• Gaps In FCA's Crypto-Regime Leave Insider Dealing Risk

  By Alex Davidson

  Gaps in the City watchdog's new crypto rules will exacerbate the risk of insider trading because of inconsistencies pointed out by lawyers over how exchanges will share price-sensitive information and disagreements on the digital-related definition of such data.