The London branch of Citibank N.A. and a company behind the development of a major energy project in Mozambique are seeking declarations from the High Court that Santander owes $90 million under two bond contracts.
The London branch of Citibank N.A. and a company behind the development of a major energy project in Mozambique are seeking declarations from the High Court that Santander owes $90 million under two bond contracts.
An Osborne Clarke partner urged a court on Thursday to overturn a ruling by a disciplinary tribunal that he had wrongly attempted to prevent a tax policy journalist from disclosing that he was being threatened with a defamation claim by former chancellor Nadhim Zahawi.
A metals trader denied allegations on Thursday that he tried to cover up his alleged nickel fraud against Trafigura when prices shot up in 2022, repeating his accusation that the commodities supplier knew it was trading in sham metal and was in on the scheme.
The Insolvency Service has described its additional £25 million ($33 million) in government funding over the next five years as a welcome boost to its bid to weed out rogue directors in Britain.
The government risks pushing millions of people into poorer retirements through its plan to cap salary sacrifice arrangements, an insurance trade body has warned.
The council and parliament of the European Union agreed on Thursday that payment service providers will be held liable if they do not use modern and improved methods for preventing the sector from facilitating fraud.
Asset manager Team PLC said Thursday that it has agreed to acquire WH Ireland Group PLC in an all-share deal that values the company at £12.7 million ($16.8 million), to create a financial services business with more than £2.1 billion in assets under management.
Barclays PLC launched a share repurchase program valued at up to £500 million ($660 million) on Thursday after wrapping up its previous £1 billion buyback scheme.
Liontrust Asset Management PLC said it began a share buyback worth £10 million ($13 million) on Thursday, in a move to downsize its outstanding share capital.
The Office of Financial Sanctions Implementation’s proposed financial sanctions reforms, with risks of higher penalties and more stringent disclosure requirements for U.K. banks and companies, reflect the agency’s evolution into a more sophisticated and robust enforcement regulator, says Irene Polieri at Gibson Dunn.
