A London court ruled Friday that an Azerbaijani state-owned oil company can pursue claims in England against the founder of a Turkish shipping group for allegedly moving assets to avoid paying about $308 million owed under arbitration awards.
A London court ruled Friday that an Azerbaijani state-owned oil company can pursue claims in England against the founder of a Turkish shipping group for allegedly moving assets to avoid paying about $308 million owed under arbitration awards.
The Financial Conduct Authority said Friday it is applying increased scrutiny to some businesses it registers for anti-money laundering purposes amid growing concerns that their weak internal controls allow financial crime.
Uncertainty over the future of U.K. tax policy under Prime Minister Andy Burnham has driven a stock selloff, global funds network Calastone said in a report.
The former chief executive of London Capital & Finance failed to have his six-month prison term for breaching a restraint order reduced on Friday when a London appellate court said it could "find no fault" with the sentence.
London-based litigation funder Fenchurch Legal has settled a dispute with an investment manager and a defunct lender that has clashed with the investment manager over a multimillion-pound loan.
The past week in London has seen Cleary Gottlieb sued by a former client it advised on the proposed sale of a holding company and the continuation of litigation between pharma giants Merck Sharp & Dohme and Merck KGaA over rights to the Merck name in the U.K.
