The government's growing use of sanctions to disrupt criminals targeting Britain is creating more work for white-collar lawyers, even if they object that the heavy-handed foreign policy tool flouts the rule of law.
The government's growing use of sanctions to disrupt criminals targeting Britain is creating more work for white-collar lawyers, even if they object that the heavy-handed foreign policy tool flouts the rule of law.
The government said Wednesday it will pursue service provider Capita for reimbursement on a taxpayer-funded fix for the ongoing Civil Service Pensions Scheme debacle.
Metals tycoon Prateek Gupta told the Court of Appeal on Wednesday that a U.K. commodities trader cannot bring a fraud claim worth almost $7 million against him in England because the alleged loss occurred abroad.
Italian lender UniCredit said Wednesday that it holds 49.65% of the voting rights in Commerzbank AG of Germany despite resistance from the German state about the approach.
The Financial Conduct Authority said Wednesday in its latest enforcement watch newsletter that it is conducting 11 investigations into potential breaches of the Consumer Duty.
Real estate developer Urbas has admitted to defaulting on loan agreements but argued that a €189 million ($215 million) claim brought by a Luxembourg credit provider for repayment must be recalculated because PwC allegedly undervalued the shares appropriated by the lender as collateral.
British American Tobacco PLC faces a second group claim in London this year after more than 100 shareholders alleged it had failed to disclose information about its North Korean activities, which ultimately led to the company paying hundreds of millions in penalties.
Citadel Securities has agreed to drop its New York trade secrets lawsuit targeting a Swiss cryptocurrency trading firm launched by two ex-employees in order to focus on enforcing a roughly £6 million ($8 million) judgment it's already won in the dispute, according to documents filed Wednesday.
The U.K. government must reform workplace pensions as the current system still cannot provide adequate retirement incomes for many workers, a trade body warned on Wednesday.
The audit watchdog said Wednesday that the use of artificial intelligence tools in corporate reporting is still cautious and uneven across the market, despite many businesses considering adopting the technology over the coming year.
The U.K.’s recent free trade agreement with the Gulf Cooperation Council is expected to deliver U.K. businesses a competitive advantage, with simplified procedures and tariff removal across manufacturing, services and digital trade sectors, but navigating Gulf regional tensions and differing regulatory regimes will create challenges, say lawyers at King & Spalding.
