PrivatBank Beats Ex-Owners' Bid To Appeal $3B Fraud Ruling

By Sophia Dourou

The former owners of PrivatBank failed on Friday to overturn a finding that they owe the Ukrainian lender $3 billion, as an appeals court rejected their argument that its acceptance of a later repayment "extinguished" the loss resulting from their fraudulent loan recycling scheme.

1 document attached | Read full article » | Save to favorites »

MFS Litigation Grows With Latest Claim Against Founder

By Eddie Beaver

Administrators of a company linked to Market Financial Solutions have sued Paresh Raja, the collapsed lender's owner, in a London court for alleged breach of fiduciary duty — the latest in growing litigation surrounding the mortgage scandal.

Read full article » | Save to favorites »

Local Gov't Pension Reforms To Benefit Millions, Minister Says

By Tom Fish

New regulations that will reshape Britain's local government pensions investments will come into force in June, as a minister said the reforms will improve retirement returns for millions of council workers and unlock more cash for economic investment.

Read full article » | Save to favorites »

Energy Trader Gets October Trial In Hormuz Benchmark Row

By Ronan Barnard

Mercuria Energy Group secured an expedited October trial on Friday in its claim against Baltic Exchange for allegedly failing to factor the essential closing of the Strait of Hormuz into an oil trading benchmark, after Mercuria argued it would affect the entire market.

Read full article » | Save to favorites »

Fintech Co. Settles Claim For Withheld $1.6M Amid FTC Probe

By Eddie Beaver

An e-commerce platform has settled its claim against a Canadian financial technology company that allegedly wrongly withheld a total of €1.3 million ($1.5 million) and 20.9 million Japanese yen ($130,000) owed from customer purchases.

Read full article » | Save to favorites »

Roundup

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

By Laura Stewart Liberty

The past week in London has seen Napster sued by a music royalties company, White & Case LLP and Laytons LLP targeted in a claim by a property developer, a short-term lender pursue legal action against law firm Rainer Hughes and its former founding partner following his strike-off for money laundering offenses, and the administrators of London Bridging sue the founder of collapsed Market Financial Solutions. Here, Law360 looks at these and other new claims in the U.K.

Read full article » | Save to favorites »

UK Labour Leadership Hopeful Floats Capital Gains Tax Hike

By Josh White

A Labour member of the U.K. Parliament vying to succeed Prime Minister Keir Starmer has said he will work to implement a "wealth tax that works" by equalizing capital gains tax and income tax rates if he wins a future leadership contest.

Read full article » | Save to favorites »

Average Pension Surplus At FTSE 100 Firms Tops £550M

By Joel Poultney

The average surplus of defined benefit pension plans sponsored by Britain's top 100 companies was more than £550 million ($738.4 million) at the end of 2025, a consultancy has said, with an aggregate surplus estimated at almost £40 billion.

Read full article » | Save to favorites »

Annuity Providers Held 66% Of UK Investments In 2024

By Dawood Fakhir

Bulk purchase insurers held nearly two-thirds of their total assets of more than £200 billion ($268 billion) within the U.K. in 2024, a trade body has said.

Read full article » | Save to favorites »