A U.K. commodities trader kept its nearly $7 million fraud claim against Indian metals tycoon Prateek Gupta in English courts Friday, after a London appellate court dismissed his arguments the dispute should take place in another jurisdiction.
A U.K. commodities trader kept its nearly $7 million fraud claim against Indian metals tycoon Prateek Gupta in English courts Friday, after a London appellate court dismissed his arguments the dispute should take place in another jurisdiction.
A company can be held liable by the U.K. tax authority for inheritance tax on assets held in an offshore trust, a London tribunal ruled Friday, saying a secondary liability rule applies to businesses, not just individuals.
The Financial Conduct Authority released final rules Friday for a consolidated tape on U.K. shares in a package of reforms that includes changes to market structure and a new temporary market reporting tool.
Jurors weighing the fate of an ex-Goldman Sachs banker accused of coordinating a plan to bribe a client's way to a lucrative energy deal Friday saw a slew of payoff banter in his emails that prosecutors say show a pipeline of dirty money flowing from Turkey to a wide variety of government officials and agencies in Ghana.
The past week in London has seen George Michael's estate bring an intellectual property claim against the late star's friend over footage shared online, collapsed law firm Axiom Ince sue the U.K. branch of State Bank of India and Ryanair face a group claim from 262 people. Here, Law360 looks at these and other new claims in the U.K.
The U.K. requires sweeping reforms to its pension investment system, as the growing concentration of retirement savings in a handful of U.S. technology stocks poses a "systemic risk" to investors, a think tank has warned.
The European Union's insurance watchdog has warned that the potential impact from digitalization and cyber exposures for occupational pension providers and insurers has become bigger, reflecting cutting-edge artificial intelligence.
Banco Santander SA said Friday that it will buy the remaining 10% of its Brazilian bank for up to €1.908 billion ($2.2 billion) in a share deal, adding that the transaction demonstrates its commitment to Latin America.
Lloyds Banking Group PLC rolled out a share buyback program worth up to £1 billion ($1.34 billion) after it reported a boost in its pre-tax profit for the first half of the year.
The U.K. Supreme Court’s recent judgment in HMRC v. BlueCrest Capital Management clarifies the tax framework for assessing whether limited liability partnership members are genuinely operating as partners or should be treated as employees, which is likely to be significant far beyond the hedge fund sector, say lawyers at Stewarts Law.
