The City watchdog unveiled plans on Monday to amend research rules that it said cause a seven-day delay to London's initial public offering process, as it looks to reinvigorate Britain's ailing capital markets.
The City watchdog unveiled plans on Monday to amend research rules that it said cause a seven-day delay to London's initial public offering process, as it looks to reinvigorate Britain's ailing capital markets.
A diamond and jewelry tycoon swindled more than $1 billion from banks in an Indian gold bullion fraud and diverted it to entities connected to him and his family, liquidators for U.K. companies said Monday at the first day of a High Court trial.
The push to create new pension megafunds in the coming years could further concentrate power in the hands of just a few professional trustees, a consultancy warned Tuesday.
A consumer rights group said Monday it has filed a legal challenge over how the Financial Conduct Authority's £7.5 billion ($9.9 billion) motor finance redress scheme calculates compensation, warning that it could otherwise leave millions of consumers out of pocket.
A London court struck out former dotcom entrepreneur Robert Bonnier's claim on Monday against property developer Nick Candy over a wrongly obtained freezing order, concluding that the entrepreneur and his company's bankruptcy trustee repeatedly breached court orders.
The government was forced to refund £44.1 million ($59.7 million) in overcharged tax on pension income in the first three months of the year, a figure that has remained largely unchanged despite reforms last year.
The European Union's market regulators warned national watchdogs, financial institutions and investors on Monday to closely manage the risk to private finance from its exposure to cloud software operators that use artificial intelligence.
Broadstone said on Monday that it will provide administration services to members of the Videndum DB Pension Scheme a week after the retirement savings plan revealed that it would transfer into defined benefit superfund Clara Pensions.
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The High Court’s recent decision in Darchem Engineering v. Bouygues on whether individual members of an unincorporated joint venture can pursue claims against an employer provides a helpful road map for considering a JV's standing, and a reminder of the importance of contract construction, say lawyers at Squire Patton.
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