Analysis

FCA's Contested Car Finance Redress Hits Roadblocks

By Alex Davidson

Legal challenges to the Financial Conduct Authority's motor finance redress scheme fired off this week to the Upper Tribunal will lead to long delays, with some legal experts already doubting whether the cases can be argued successfully.

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FCA Vows Robust Defense Of Car Finance Redress In Court

By Alex Davidson

The Financial Conduct Authority said on Friday that it will mount a robust defense of its £7.5 billion ($10.2 billion) motor finance redress scheme against four legal challenges so far from lenders and a consumer group.

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Johnson Matthey Beats Fraud Claim Over £325M Pharma Deal

By Eddie Beaver

Johnson Matthey defeated on Friday a claim that it acted fraudulently in the £325 million ($444 million) sale of one of its pharmaceutical businesses, despite a finding by a London court that the chemicals business had failed to disclose to the buyer significant details about the transaction.

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Strait Of Hormuz Closure Hits UK With Energy Benchmark Fight

By Joanne Faulkner

Mercuria is suing the Baltic Exchange in London over losses it said are linked to an allegedly distorted key shipping benchmark that failed to reflect the effective closure of the Strait of Hormuz, marking the first major litigation in the U.K. to arise from the U.S.-Israeli war with Iran.

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Lender Wins Payout From Law Firm Over Botched Pub Loan

By Max Austin

A lender has won a £578,000 ($787,000) claim against its former solicitors after a London court found that the law firm failed to properly check and explain risks tied to a loan secured against two London pubs. 

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen a Swiss energy trader bring a Financial List claim against shipping benchmarking company Baltic Exchange, law firm Slater and Gordon sued by a former client, Slack and Salesforce hit Microsoft with an antitrust claim, and Stephen Fry bring a personal injury claim after he broke bones falling off a stage. Here, Law360 looks at these and other new claims in the U.K.

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Tony Blair Think Tank Floats Radical UK Pensions Shake-Up

By Martin Croucher

The government must ditch the triple lock and radically reform the wider state pension system, a think tank said Friday.

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FCA Clears Verdane's £186M London Fintech Acquisition

By Dawood Fakhir

Britain's financial regulator has approved Swedish investor Verdane Fund Manager AB's £185.7 million ($253 million) acquisition of Augmentum Fintech, the venture capital trust said Friday.

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UK Leads OECD In Taxing Wealth, Think Tank Says

By Josh White

The U.K. raises more revenue from taxes on wealth than any other country in the Organization for Economic Cooperation and Development, and implementing a wealth tax wouldn't generate as much money as existing levies, a think tank said in a report published Friday.

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Santander Completes £2.9B TSB Bank Acquisition

By Tom Fish

Banco Santander SA said Friday it has finalized its £2.86 billion ($3.9 billion) acquisition of TSB from Banco de Sabadell, in one of the biggest deals in Britain's banking sector in years.

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Pension Deals May See Price Shift In Reinsurance Crackdown

By Martin Croucher

Insurers could be forced to hike prices for bulk purchase annuity deals as a result of a crackdown by regulators on risky forms of offshore reinsurance, analysts said Friday.

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Barclays Adds Ex-SEC Official From WilmerHale As New GC

By Hanna Vioque

Barclays said Friday that it has hired a new general counsel who brings expertise as former vice chair and chair of WilmerHale's financial services department, along with years of financial and regulatory experience as a director at the U.S. Securities and Exchange Commission.

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Sanctions Spotlight: Key Priorities Of OFSI's 3-Year Strategy

The Office of Trade Sanctions Implementation's 2026-2029 strategy to assist businesses by providing practical compliance advice and more predictable support will be welcomed, although the process for obtaining guidance and whether the ensuing information will be made publicly available remains unclear, says Alexandra Melia at Steptoe.

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