Denmark told Britain's top court on Wednesday that it should be allowed to sue an English brokerage for £56 million ($76 million) over a tax refund fraud, arguing that an earlier decision barring linked allegations was based on "fundamentally different" facts.
Denmark told Britain's top court on Wednesday that it should be allowed to sue an English brokerage for £56 million ($76 million) over a tax refund fraud, arguing that an earlier decision barring linked allegations was based on "fundamentally different" facts.
The U.K. arm of Bank of Africa should not have been held liable for its chief executive's decision to fire a whistleblowing human resources executive, a London appeals tribunal ruled on Wednesday.
Pensions insurer Rothesay said Wednesday that it has completed a £240 million ($329 million) buy-in transaction with KLM Royal Dutch Airlines to secure the retirement benefits of almost 2,000 pension plan members.
VTB Bank asked a London appeals court on Wednesday to lift an injunction that blocks it from bringing a $156 million case in Russia over frozen funds, arguing a judge wrongly concluded that its claim was "vexatious and oppressive."
An estate agent owned by BNP Paribas has hit back at allegations that it caused the owners of farm land to sell at an £8 million ($11 million) undervalue, telling a court the owners knew the property was going to be resold for a profit.
PwC has paid £150,000 ($205,000) to settle an age and disability discrimination claim from a former employee of more than 40 years, the equality watchdog for Northern Ireland has revealed.
The Financial Conduct Authority said Wednesday it has signed a regulatory cooperation arrangement with India's International Financial Services Centres Authority to share knowledge and best practices and strengthen financial ties between the two countries.
Insurance giant Aviva said Wednesday that it has completed 100 pension deals through its streamlined bulk purchase annuity service introduced to help smaller pension programs with assets of less than £100 million ($137 million) offload their liabilities.
Commerzbank AG said Wednesday it will reward investors with a share repurchase program of up to €540 million ($643 million) and a higher dividend, as the German banking giant reported stronger revenue.
The Financial Conduct Authority’s recent proposals to reform the professional client categorization regime and simplify conflicts of interest rules are likely to be welcomed, although firms will need to navigate the increased responsibility that comes with greater flexibility, say lawyers at Skadden.
