REIT Sued By Smith Square Partners Over £1.6M Tail Fee

By Tom Fish

Home REIT PLC said Friday that it will "vigorously defend" a £1.6 million ($2.1 million) claim by former adviser Smith Square Partners LLP for an allegedly unpaid contractual fee tied to the company's property sales process.

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Visa, Mastercard Face CAT Swipe Fee Claim From UK Group

By Tom Fish

A group of businesses is suing Visa and Mastercard at the Competition Appeal Tribunal, the latest in a series of cases alleging that the payment networks imposed anti-competitive charges, known as swipe fees, and rules on commercial card transactions.

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Roundup

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

By Megan Norcott

The past week in London has seen financial advice firm Smith Square Partners sue ailing social housing company Home REIT, Pogust Goodhead hit with a contract claim by one of its investors, and Entain faced with its latest claim in expanding litigation linked to alleged bribery at its former Turkish business. Here, Law360 looks at these and other new claims in the U.K.

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BoE Rejects 'Unfounded' Claims Of Weak AI Cyber-Defenses

By Tom Fish

Andrew Bailey, governor of the Bank of England, has defended its cyber-defenses against criticism and warned that advances in artificial intelligence still pose a growing threat to the financial system.

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HSBC To Sell Singapore Insurance Biz To Allianz For $2.1B

By Najiyya Budaly

HSBC said Friday that it will sell its Singaporean life and health insurance business to Germany's Allianz for $2.1 billion as the British bank continues to streamline its operations.

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FCA Letter Highlights Football Clubs' Crypto Deal Risks

The Financial Conduct Authority’s recent warning to Premier League football clubs about sponsorship arrangements with unauthorized crypto-asset businesses demonstrates its concerns over unlawful financial promotions and anti-money laundering compliance failures, both of which run the risk of significant reputational damage and criminal prosecution, says Sushil Kuner at Freeths.

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