A British hedge fund company has sued a Brazilian man for more than $500 million in a London court, alleging that he perpetrated an elaborate securities fraud against the company.
A British hedge fund company has sued a Brazilian man for more than $500 million in a London court, alleging that he perpetrated an elaborate securities fraud against the company.
Bentley Park, a holding company linked to private investment business Tavistock Group, said Monday its subsidiary has agreed to acquire flexible lender Time Finance for approximately £55.1 million ($75 million) to combine their complementary products and regional strengths.
Orrick Herrington & Sutcliffe (UK) LLP has settled a claim by a hedge fund accusing the firm of negligence, alleging it failed to advise it to enforce a €21 million ($24.3 million) debt in a French energy group's insolvency.
A co-founder of Revolut has been sued by a British yacht broker for allegedly trying to dodge paying the commission for arranging his purchase of a superyacht worth an estimated €350 million ($406 million), according to a newly public claim in London.
The Irish government has launched Ireland's first national anti-money laundering strategy, which it says is the most significant strengthening of its financial crime framework in years.
A retirement savings trade group said Monday that the government must provide "clearer justification" for elements of its proposed plans to hike levies on pension funds to plug a £154 million ($209 million) shortfall in the cost of regulating the sector.
The Financial Conduct Authority said Monday it has appointed new financial services attachés for India and the UAE to support international investment in the U.K.
Paul Hastings said Monday that it has hired two senior restructuring partners from Hogan Lovells Cadwalader and Sidley Austin LLP to continue its expansion in London.
