The ruling by the U.K. Supreme Court on the bounds of a director's duty to act in "good faith" makes it clear that honesty is the best policy, even if directors are at odds over what they think is best for their company, lawyers say.
The ruling by the U.K. Supreme Court on the bounds of a director's duty to act in "good faith" makes it clear that honesty is the best policy, even if directors are at odds over what they think is best for their company, lawyers say.
A London judge refused Wednesday to allow an investment fund to join litigation over frozen bank accounts allegedly containing the proceeds of a €45 million ($51 million) fraud the fund says it suffered.
A Saudi investor urged an appeals court Wednesday to revive its $5 million claim over an unpaid loan agreement, arguing that a London judge wrongly held the case was time-barred by applying too strict a test for what constituted an acknowledgment of the claim.
The Bank of England and the government have released proposals to ease rules on ring-fenced banking, which would free up retail banks to lend more money and share services so far restricted to the investment banking side.
The U.K. should start working now on major legal and public policy changes to account for the rising number of consumers using chatbots for financial advice, the governor of the Bank of England has warned.
Britain's retirement savings watchdog has said its work over the next five years will be driven by raising governance standards and ensuring value for money, while it seeks to improve sustainable outcomes for people at retirement.
The U.K. government should scrap the "unusually generous" triple-lock pension policy to reduce fiscal uncertainty in Britain, the Organisation for Economic Co-operation and Development said Wednesday.
LDC (Managers) Ltd. has invested in law firm Brady Solicitors, based in central England, backing its expansion plans as private equity investors continue to explore opportunities in the U.K. legal sector.
While the U.K. Serious Fraud Office's recent conference demonstrated a global consensus on the importance of combating bribery and corruption, lagging enforcement from U.S. and U.K. regulators suggests that muscular supranational agencies may soon step up to lead cross-border investigations, say lawyers at Addleshaw Goddard.
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