Lender MFS Sues Barclays Over Fallout From £1B Insolvency

By Eddie Beaver

The administrators of Market Financial Solutions have sued Barclays at a London court after the mortgage lender fell into insolvency with debts of more than £1 billion ($1.3 billion), including approximately £600 million owed to the bank.

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Vet Biz Can't Switch FCA Compliance Stance In Parallel Cases

By Jamie Lennox

A London appeals court has ruled that a veterinary group cannot argue that a company it bought did not have the Financial Conduct Authority authorization needed to operate, because the claim conflicts with the group's position in a parallel employment tribunal case.

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Cayman Judge To Chair BoE Enforcement Committee

By Tom Fish

The Bank of England has named Nicholas Segal, a judge of the Grand Court of the Cayman Islands, as chair of its enforcement decision-making committee, a move aimed at strengthening the body that determines contested regulatory action for financial regimes.

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Dentons Launches Crypto Hub Ahead Of New FCA Regime

By Tom Fish

Dentons has launched a service to help businesses prepare for the U.K.'s incoming crypto-asset regulatory regime, as companies gear up for the mandatory Financial Conduct Authority authorization process that begins in September.

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Moody's Warns Of 'Systemic Dependence' On AI Providers

By Martin Croucher

The widespread adoption of artificial intelligence technology across the financial services sector creates new "systemic" risks, a ratings agency has warned.

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Goldman Jury Sees Undercover Video As Bribe Trial Nears End

By Stewart Bishop

A federal jury in Brooklyn Tuesday saw a clandestinely recorded video of a former Goldman Sachs banker talking to an acquaintance about what prosecutors say were bribes paid to government officials in Ghana to greenlight a power plant deal, as the Foreign Corrupt Practices Act trial enters the home stretch.

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Clyde & Co. Hires Insurance Pro From DAC Beachcroft

By Tom Fish

Clyde & Co. LLP has hired an insurance coverage specialist at its London office, bolstering the firm's financial lines practice as insurers face an uptick in work linked to mergers and acquisitions, cyber incidents and other complex risks.

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Entain Ruling Offers Parties Key E-File Guidance

The U.K. Commercial Court’s recent decision in Various Claimants v. Entain PLC provides guidance for the first time for those navigating a court document filing pilot scheme, offering a practical template for parties to litigation involving sensitive issues by balancing transparency obligations with legitimate confidentiality concerns, say lawyers at HSFK.

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