Ex-Goldman Exec Convicted Of Ghana Bribery Plot

By Stewart Bishop

A former Goldman Sachs executive director was convicted Thursday for his role in what Brooklyn federal prosecutors say was a wide-ranging conspiracy to bribe Ghanaian officials in support of a Turkish energy company's push to obtain a lucrative power plant contract as the West African nation was reeling from an electricity crisis.

Read full article » | Save to favorites »

UK Pension Plans Brace For Disputes Over Surplus Release

By Martin Croucher

Pension bosses risk being caught up in costly disputes on whether retirees or corporate sponsors should be the ultimate beneficiaries of an estimated £160 billion ($216 billion) in funding surpluses, a consultancy warned Thursday.

Read full article » | Save to favorites »

UK Sanctions Russian Banks, Metals Firms, Oil Tankers

By Eddie Beaver

The U.K. government issued fresh sanctions against Russia on Thursday, targeting 19 entities including banks, shadow fleet tankers and companies that import rare metals used for producing military equipment.

Read full article » | Save to favorites »

L&G Expects Pension Deals Market To Fall Short Of £50B

By Tom Fish

L&G expects the value of the U.K.'s pension risk transfer market to come in below £50 billion ($67 billion) in 2026, citing a quieter first half to the year and a slower pace of large transactions.

Read full article » | Save to favorites »

HSBC Beats Bias Claims From Worker Who Relied On AI

By Hanna Vioque

An employment tribunal has struck out a staff member's race and disability discrimination claims against HSBC, finding that her arguments, which were based in part on AI-generated advice, showed a "fundamental misunderstanding" of the law.

Read full article » | Save to favorites »

Law Firm Settles Claim Over Advice On Flat Purchases

By Jamie Lennox

A group of 17 investors have settled their claim in a London court that a law firm caused them to lose their deposits in a botched property investment project by allegedly failing to advise them of the risks involved in the deal.

Read full article » | Save to favorites »

Spanish Bank Loses Fight Over Finance Firm's 'Arkin' TM

By Laura Stewart Liberty

Spanish lender Arquia Bank has failed to block a French insurance broker's bid to register the trademark "Arkin" after European officials found Spanish consumers were unlikely to confuse the marks.

Read full article » | Save to favorites »

Retailer Wins Pause In €272M Debt Fight Over NY Suit Overlap

By Eddie Beaver

A London court stayed an English claim arising from the enforcement of a Dutch lingerie retailer's €272.5 million ($314 million) debt, ruling Thursday that it substantially overlaps with an earlier New York action involving the same underlying dispute.

1 document attached | Read full article » | Save to favorites »

Saxon Woods Ruling Clarifies Directors' Duty Of Good Faith

The U.K. Supreme Court’s recent landmark judgment in Saxon Woods sends a clear message to businesses that a director's conduct must withstand objective scrutiny, affirming that even if an individual believes they are acting in the company's best interests, they cannot deceive fellow board members, says Richard Clayman at Kingsley Napley.

Read full article » | Save to favorites »