PE Biz Pecten Settles €118M Suit With Asset Manager Azimut

By Tom Fish

Investment advisory firm Pecten Capital LLP has settled its claim against Italian asset manager Azimut over alleged breaches of agreements tied to a multimillion-euro investment in an industrial machinery manufacturer.

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Property Developer Denied Appeal Of 2011 Fraud Conviction

By Ronan Barnard

A former commercial property developer lost his bid to challenge his 2011 conviction for an investment fraud of more than £1.3 million ($1.7 million), as a London appellate court ruled Friday that his argument had "no merit whatsoever."

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Roundup

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

By Megan Norcott

The past week in London has seen Snapchat and Dolby press on with a fresh infringement claim in their ongoing patent battle, The Telegraph face an intellectual property claim by a photo archive, a group of international human rights barristers and chambers sued, and oil business Equinor embroiled in a contract dispute with BP after recently acquiring full ownership in their offshore project. Here, Law360 looks at these and other new claims in the U.K.

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DWP Scam Transfer Rules 'Unlikely To Work,' Trade Body Says

By Tom Fish

The government must revise its planned changes to pension transfer regulations, as proposals intended to strengthen protections against scams could instead create unnecessary barriers to legitimate transfers while doing little to deter fraud, an industry body has warned.

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Slovenian Lender Ups Offer For Austrian Bank To €722M

By Irene Madongo

Slovenian lender NLB Group confirmed on Friday that it has raised its offer for Austrian banking group Addiko to €721.5 million ($825 million), as the bidding war with rival Raiffeisen Bank International heats up.

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MPs Fail To Endorse Ex-Virgin Money Boss As FRC Chair

By Tom Fish

The British government has named Virgin Money's former chief executive Jayne-Anne Gadhia as its preferred candidate to become chair of the Financial Reporting Council, despite a parliamentary committee stopping short of backing her for the role.

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UK Bill Would Transform Commercial Payments Terms

A bill recently introduced to Parliament, if enacted, would replace significant areas of contractual freedom concerning payment terms with mandatory rules that would fundamentally alter the balance of power between smaller suppliers and larger counterparties, says Sam Cooper at Crowell & Moring.

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