More than 30 major businesses and institutions including H&M, Heineken and a university have sued Visa at a London court, alleging that the payment card company's fees and rules restricted competition and drove up prices.
More than 30 major businesses and institutions including H&M, Heineken and a university have sued Visa at a London court, alleging that the payment card company's fees and rules restricted competition and drove up prices.
Britain's top court ruled on Wednesday that deferred pay distributed to individual partners at a foreign exchange trading firm must be taxed as income, giving a win to HM Revenue and Customs in its challenge to the company's remuneration structure.
The government has said it will carry out a review of legislation following a £1.2 billion ($1.6 billion) transaction in which asset manager Aberdeen PLC took over a pension plan from Stagecoach, a transport operator.
Sweden's financial services regulator said Wednesday that it had hit Ikano Bank AB with a 140 million Swedish kronor ($14.9 million) fine for violating anti-money laundering regulations.
A Lloyd's unit fought Wednesday to overturn a decision that it should pay $3.7 million under a mortgagee policy to cover losses from when a cargo ship struck a mine in Ukrainian waters, arguing the lender's losses actually stemmed from the vessel's fake war risks coverage.
The former director of a media company told Britain's top court Wednesday that he should not be forced to buy out a minority shareholder after he obstructed the sale of the business, claiming he believed delaying a sale was in its best interests.
A Danish financier and his company can't appeal a decision over a tax bill of over £866,000 ($1.2 million) despite his claim that they face a 200% tax rate, a London tribunal ruled, saying he had no good reason for missing a previous appeal deadline.
The accounting regulator said on Wednesday that it will go ahead with proposals to improve its approach to enforcement, setting out new options such as publishing cases it has pursued, which it said would offer it a "broad and more flexible range of routes to resolution."
Defined contribution pension assets could exceed £1 trillion ($1.34 trillion) by 2031 and overtake defined benefit plans as the dominant form of private-sector retirement wealth by the end of the decade, an insurance technology company said Wednesday.
Wealth manager Rathbones said Wednesday it has launched a share buyback worth up to £20 million ($26.8 million) after the completion in February of its first-ever £50 million stock repurchase program.
While the nonequity partner model may offer law firms' management flexibility and be a genuine stepping stone for lawyers in some organizations, at others the tier functions more as an extended holding pattern whose uncertainty can cause frustration for ambitious lawyers, say Filippo Falchi and Portia White at Major Lindsey.
