Analysis

The Top FCA Enforcement Cases Of 2024

By Christopher Crosby

The blockbuster fines imposed by the Financial Conduct Authority on challenger banks Starling and Metro for anti-money laundering failures, its notable penalties against Barclays and its conviction of a former Goldman Sachs banker for insider dealing are just a few of the key cases from 2024.

Read full article » | Save to favorites »

Osborne Clarke Pro Fined £50K Over Zahawi Libel Letter

By William Janes

A tribunal fined an Osborne Clarke LLP partner who represented Nadhim Zahawi £50,000 ($62,700) on Friday for trying to stop a blogger revealing that the former chancellor was contemplating libel action over allegations of dishonesty in his tax affairs.

Read full article » | Save to favorites »

Analysis

The Biggest UK Commercial Litigation Cases Of 2024

By Lucia Osborne-Crowley

The High Court and Court of Appeal resolved some landmark legal disputes in 2024 — the justices liberated the open-source cryptocurrency community from spats over intellectual property protection and determined liability for the high-profile collapse of London Capital & Finance.

Read full article » | Save to favorites »

Financial Adviser Colbourne In Default After FCA Restrictions

By Alex Davidson

The Financial Conduct Authority has said that Colbourne & Co., an independent financial adviser that it has prevented from doing regulated business, is in default and that clients can claim compensation.

Read full article » | Save to favorites »

UK Litigation Roundup: Here's What You Missed In London

By Max Austin

This past week in London has seen the University of Southampton sue a drone-maker over the rights to an uncrewed aircraft patent, Importers Service Corp. and its subsidiary ISC Europe take action against a former director who allegedly owes the company over £1.1 million ($1.4 million), and DAC Beachcroft face a fraud claim by a "prolific litigant." 

Read full article » | Save to favorites »

Law Firm Awarded £4.2M For Co.'s Mishandled PPI Claims

By Eddie Beaver

A London court awarded a specialist litigation law firm almost £4.2 million ($5.3 million) on Friday for the costs of a professional services company's botched handling of payment protection insurance claims.

Read full article » | Save to favorites »

Reading FC Owner Sued For £12M Over Confidentiality Breach

By Ronan Barnard

A Louisiana lawyer's company has filed a £12 million ($15 million) claim against a company held by the owner of Reading Football Club for allegedly breaching legally binding provisions in a takeover deal.

Read full article » | Save to favorites »

£3.5B 'Dartford Disneyland' Park Co. Must Close, Court Rules

By Eddie Beaver

A company that had wanted to build a £3.5 billion ($4.4 billion) "Disneyland-style" theme park must be wound up for "serious and irremediable" breaches of its agreement to pay creditors, which include Paramount, a London court has ruled.

Read full article » | Save to favorites »

Many Firms Lack AI In Risk Operations, Study Finds

By Dawood Fakhir

A new study highlighted by UK Finance on Friday has found that almost four in 10 financial services organizations have not implemented artificial intelligence in their risk operations, leaving them with a widening technology gap compared with those who are so prepared.

Read full article » | Save to favorites »

Crédit Agricole To Take Full Control Of Caceis From Santander

By Dawood Fakhir

Santander Bank has said that French international banking group Crédit Agricole SA will acquire full ownership of their jointly owned global asset servicing provider Caceis by buying out Santander's stake for an undisclosed sum.

Read full article » | Save to favorites »