Imprisoned oligarch Ziyavudin Magomedov can't revive his $14 billion claim that he was the victim of a Russian state-led conspiracy to strip his assets in two major port operators, after an appeals court rejected his latest challenge on Thursday.
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TOP NEWS

Imprisoned Oligarch Denied Appeal Over $14B Asset Seizure

By Sophia Dourou

Imprisoned oligarch Ziyavudin Magomedov can't revive his $14 billion claim that he was the victim of a Russian state-led conspiracy to strip his assets in two major port operators, after an appeals court rejected his latest challenge on Thursday.

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FRC To Set Tougher Audit Standards On Fraud Risks

By Eddie Beaver

The Financial Reporting Council published its final revision on Thursday to incoming auditing standards for assessing the risk of fraud and a company's ability to keep operating in the foreseeable future, highlighting a demand for greater transparency in audit reporting.

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LITIGATION

SoftBank Unit Says Ex-Directors Duped It Into £2.5M Deal

By William Janes

SoftBank Robotics UK has accused two former directors of a firm it co-owned of inflating earnings to trick it into buying their shares, hitting back at their £8 million ($11 million) claim that it wrongly forced them out.

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Brief

FCA Charges Ex-Mortgage Broker For Flouting Ban

By William Janes

The financial services watchdog hit a former mortgage broker with criminal charges on Thursday over allegations that he was arranging mortgage contracts after being banned.

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POLICY & REGULATION

Gov't Vows To Broaden Scope Of Captive Insurance Regime

By Martin Croucher

The government has said it will introduce reforms to allow existing capital market structures to be used for the U.K.'s planned new captive insurance regime.

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DEALS

Lazard To Buy HSF Kramer-Led Campbell Lutyens For $575M

By Najiyya Budaly

Lazard Inc. said Thursday that it will buy London-based Campbell Lutyens for $575 million to create a global private capital advisory unit.

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Pensions-Backed Schroders Fund Invests £100M Into UK Cos.

By Joel Poultney

Schroders Capital has said one of its investment vehicles has committed more than £100 million ($135.2 million) of pension capital and government-backed money to a range of British technology and artificial intelligence startups.

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EXPERT ANALYSIS

EU Risks Falling Behind With Delay In Digitization Rule Fixes

With financial organizations calling for the European Union to fast-track modifications to the Distributed Ledger Technology Pilot Regime and the EU signaling that tokenization is a permanent feature of the financial landscape, the sector needs to prepare for the now inevitable shift, says Antonio Lanotte at Futura Law.

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LAW FIRMS IN TODAY'S NEWS

Blackstone Chambers

Brick Court Chambers

Brown Rudnick

HSF Kramer

One Essex Court

Seladore Legal

COMPANIES IN TODAY'S NEWS

Campbell Lutyens & Co. Ltd.

Lazard Ltd.

Lloyd's America Inc.

Schroders PLC

SoftBank Group Corp.

State Atomic Energy Corp. Rosatom

The London Market Group

GOVERNMENT AGENCIES IN TODAY'S NEWS

British Business Bank

European Commission

European Parliament

European Securities and Markets Authority

European Union

Financial Conduct Authority

Financial Reporting Council

HM Revenue & Customs

Prudential Regulation Authority

UK High Court