Barclays failed Friday to strike out a £37.8 million ($51 million) claim by the liquidators of Denaro (UK) Ltd., which alleges that the bank failed to protect it from payments linked to a Ponzi scheme run by Denaro's directors.
Barclays failed Friday to strike out a £37.8 million ($51 million) claim by the liquidators of Denaro (UK) Ltd., which alleges that the bank failed to protect it from payments linked to a Ponzi scheme run by Denaro's directors.
The U.K. Supreme Court's recent ruling that fund managers are taxable as employees rather than partners injects considerable uncertainty into the financial services industry, with companies potentially facing increased scrutiny from tax authorities and less predictable tax obligations.
The European Central Bank has given the green light for Italian lender Monte dei Paschi's proposed €13.5 billion ($16 billion) takeover of Mediobanca, clearing an important regulatory hurdle.
The Financial Conduct Authority proposed Friday to defer some rules for its new crypto regime to prevent disruptions to crypto-assets that are already available to retail investors.
The past week in London has seen institutional investors file new claims against British American Tobacco and Entain, Jellycat sue multiple British retailers in the patent court, and Shoosmiths LLP targeted in a claim by a property developer.
A Dubai-based company has won proceeds from the $200 million liquidation of Russian gold miner Petropavlovsk PLC when a London judge ruled Friday this would not breach sanctions legislation.
An employee at a global payments platform who claimed she was fired for blowing the whistle on improper practices, including misleading HM Revenue and Customs, had indeed made a number of protected disclosures, a tribunal ruled Friday.
