The Financial Ombudsman Service has reported a huge drop in motor finance commission complaints in its latest three-month figures, after the Financial Conduct Authority proposed a redress scheme.
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Financial Services
MONDAY, FEBRUARY 9, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Car Finance Complaints Fall Sharply After FCA Redress Plan

By Alex Davidson

The Financial Ombudsman Service has reported a huge drop in motor finance commission complaints in its latest three-month figures, after the Financial Conduct Authority proposed a redress scheme.

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HMRC Nets £246M In Evasion-Focused Inheritance Tax Probes

By Josh White

Britain's tax authority has recovered an additional £246 million ($336 million) in inheritance tax secured by investigations, according to data released Sunday.

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Gowling, CMS Steer £45M Local Authority Pension Deal

By Joel Poultney

A local port authority has offloaded £45 million ($61.2 million) of its retirement savings liabilities to pension insurer Royal London, in a deal steered by Gowling and CMS, advisers on the transaction announced Friday.

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LITIGATION

Tech Biz Can Sue German Rivals Over Software Secrets In UK

By Jamie Lennox

A London judge said Friday that a software company can sue two German companies in the U.K. for allegedly misusing its trade secrets, ruling that the case is promising enough to justify stretching the court's jurisdiction outside of England.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Max Austin

This past week in London saw a unit of Johnson & Johnson sue the U.S. government in a patent dispute, Southampton Football Club file a claim against Aviva Insurance, and an events business face a claim by Live Nation (Music) over potential licensing issues for Chelmsford City Live, a music festival that featured Justin Timberlake last year. Here, Law360 looks at these and other new claims in the U.K.

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POLICY & REGULATION

Treasury Poised To Sign MoU On CCP Equivalence With China

By Alex Davidson

The U.K. government said Friday that the Treasury, the Financial Conduct Authority and the Bank of England agreed in a meeting with Chinese counterparts to progress a memorandum on central counterparty supervision that supports mutual equivalence.

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DEALS

US Investor Gets 19.1% Backing So Far For £340M Idox Buy

By Najiyya Budaly

U.S. investment firm Long Path Partners said Friday that it has so far won backing from 19.12% of shareholders in Idox PLC for its £339.5 million ($461 million) buyout of the U.K. government software company.

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Brief

Ex-Barclays Pro Rapped For Locking Up Colleague Can't Sue

By Adele Redmond

Barclays Bank has defeated a British worker's bid to claim that he was unfairly fired for accidentally locking a colleague in a room during an end-of-day closedown.

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Roundup

Taxation With Representation: Gibson Dunn, S&C, Wachtell

By Zak Kostro

In this week's Taxation With Representation, Elon Musk announces SpaceX's acquisition of his artificial intelligence company xAI, Devon Energy and Coterra Energy agree to merge, and Banco Santander SA acquires Webster Financial Corp.

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EXPERT ANALYSIS

Where PCAOB Goes Next After A Year Of Uncertainty

The Public Company Accounting Oversight Board will likely bring fewer enforcement matters in 2026, reflecting a notable change in board priorities following the change in administrations, say Robert Cox and Nicole Byrd at Whiteford Taylor and Matthew Rogers at Bridgehaven Consulting.

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Consolidation Of Lloyd's Bylaws Will Be Useful For Members

Lloyd’s of London’s recent consolidation of its bylaws will make the rules governing its market more accessible, providing immediate results as well as the necessarily flexible framework to address the future needs of its participants, say lawyers at Skadden.

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Promo that reads 2025 Practice Groups of the Year

LAW FIRMS IN TODAY'S NEWS

Ashfords LLP

Blackstone Chambers

Blake Morgan LLP

CMS Cameron McKenna

Clyde & Co

DWF LLP

Fieldfisher

Gibson Dunn

Gowling WLG

HSF Kramer

Hogarth Chambers

Irwin Mitchell

Jones Day

Kennedys Law LLP

Kirkland & Ellis

Leach & Walker

Lester Aldridge

Lewis Silkin

Nabarro LLP

Pinsent Masons

Skadden Arps

Squire Patton

Sullivan & Cromwell

TLT LLP

TWM Solicitors

Vincents Solicitors

Wachtell Lipton

Whiteford Taylor

Wordley Partnership

COMPANIES IN TODAY'S NEWS

2seventy bio Inc.

Aviva SA

Baker Tilly

Baker Tilly US LLP

Banco Santander SA

Barclays PLC

Coterra Energy Inc.

Deloitte Touche Tohmatsu Ltd.

Devon Energy Corp.

Huobi Global Ltd.

Johnson & Johnson

LCH Ltd.

Lloyd's America Inc.

Long Path Partners LP

National Farmers Union

PricewaterhouseCoopers LLP

Public Co. Accounting Oversight Board

Royal Mail Group PLC

SAP AG

Solicitors Regulation Authority Ltd.

Space Exploration Technologies Corp.

TMX Group Ltd.

Trayport Ltd.

VTB Bank

Webster Financial Corp.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bank of England

Companies House

European Union

Financial Conduct Authority

Financial Ombudsman Service

HM Revenue & Customs

National Credit Union Administration

People's Bank of China

Prudential Regulation Authority

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

UK High Court

US Office of Management and Budget

Unified Patent Court