Gaps in the City watchdog's new crypto rules will exacerbate the risk of insider trading because of inconsistencies pointed out by lawyers over how exchanges will share price-sensitive information and disagreements on the digital-related definition of such data.
Gaps in the City watchdog's new crypto rules will exacerbate the risk of insider trading because of inconsistencies pointed out by lawyers over how exchanges will share price-sensitive information and disagreements on the digital-related definition of such data.
The European Union's banking regulator Thursday urged the European Commission to tighten rules on stablecoins and bring lending and decentralized finance platforms under the bloc's crypto rules.
Indian metals tycoon Prateek Gupta has hit back against a $7 million claim by a U.K. commodities trader, denying fraudulently misrepresenting that a cargo of worthless metal was valuable nickel.
A gambling company isn't liable for about £13.2 million ($17.5 million) in U.K. remote gaming duties because free spins it awarded as prizes from a game for new users qualified for an exclusion from those duties, a London court said Friday.
The past week in London has seen Glencore Energy sue a refinery for allegedly defrauding it out of more than $236 million worth of crude oil, the former CEO of ankle-tag maker Big Technologies file a defamation claim against the company, and property investment group Hunter Jones hit by a claim from the Financial Conduct Authority.
Data center operator Virtus has secured a £2.45 billion ($3.25 billion) financing package to fund expansion of its portfolio across the U.K. and Europe, including the development of an artificial intelligence-ready campus in southeast England.
Energy investor SDCL said Friday that Saba, its largest shareholder, wants to add its founder to SDCL's board after the income trust announced intentions to wind down, marking the activist investor's latest attempt to gain board control.
Walker Morris LLP said Friday that it has hired DLA Piper's former U.K. equity capital markets co-head to strengthen its capabilities in complex transactions.
