Legal challenges to the Financial Conduct Authority's motor finance redress program will reach a crucial stage on Oct. 5, when the Upper Tribunal begins a two-day hearing on scheduling its decision and whether to allow expert witnesses.
Legal challenges to the Financial Conduct Authority's motor finance redress program will reach a crucial stage on Oct. 5, when the Upper Tribunal begins a two-day hearing on scheduling its decision and whether to allow expert witnesses.
The Financial Conduct Authority has banned a former HSBC banker from working in regulated financial services in the U.K. after he was convicted of fraud for repeatedly evading train fares.
Digital asset infrastructure company BitGo has been sued for $141 million by two companies linked to crypto market maker DWF Labs, who allege BitGo caused a drop in token value by releasing tokens it had bought from them onto the market in breach of an agreed "lock up" period.
More than 800 shareholders in Home REIT have sued the investor in social housing for £120 million ($158 million), seeking compensation for losses caused by allegedly "misleading statements" the company made about itself and its property portfolio.
The past week in London has seen former West Ham United co-chair David Sullivan file a defamation claim against the BBC, British rock band Oasis sue its former sound engineer to halt an auction of recordings, and Home REIT sued by its shareholders for misleading statements about the company's portfolio.
A real estate businessman has lost part of his defense and his entire counterclaim in a €37 million ($41.6 million) debt dispute as a court struck them out, citing his "surprisingly severe" failure to disclose any reasonable grounds for defending against the claim.
An Italian investment vehicle can't revive a €50 million ($56.4 million) fraud case, after an appeals court held Friday that a wealth manager was not obligated to disclose all facts material to their investments.
Regulatory burdens remain a persistent concern for the U.K.'s financial services firms, the Financial Conduct Authority warned Friday, with companies questioning whether its streamlining efforts really are driving tangible reductions in costs and administrative work.
The European Bank for Reconstruction and Development said Friday that it plans to acquire a 5% stake in AikGroup for up to €64 million ($72 million) to support the lender's expansion across the Adriatic region.
The advent of artificial intelligence voice cloning has turned concerns over the absence of dedicated personality rights into a practical policy issue, and the U.K. government's planned consultation on digital replicas offers an opportunity to develop targeted intellectual property and fraud protections without undermining innovation, say lawyers at Foot Anstey.
