A subsidiary of Libya's sovereign wealth fund has sued a London fund manager, seeking information about suspected third-party commission payments in connection with a $50 million investment it made.
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THURSDAY, AUGUST 13, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Libyan Wealth Fund Seeks Data On Suspect $50M Investment

By Sophia Dourou

A subsidiary of Libya's sovereign wealth fund has sued a London fund manager, seeking information about suspected third-party commission payments in connection with a $50 million investment it made.

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Gupta Gets More Time In $7M UK Nickel Fraud Claim

By Sophia Dourou

Indian metals tycoon Prateek Gupta has partly convinced an appeals court to delay acknowledging an almost $7 million fraud claim brought by a commodities trader pending the outcome of a jurisdictional challenge at the U.K. Supreme Court.

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Reignited Iran War Triggers Surge In Pension Funding

By Martin Croucher

Funding for U.K. pension plans rose to its highest point in three years in July after the resumption of hostilities in the Middle East pushed up yields on long-dated government bonds, the reserve fund for the sector has said.

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LITIGATION

Brief

HSBC Discriminated By Failing To Give Worker A Printer

By Max Austin

An employment tribunal has ruled that HSBC UK Bank discriminated against a former employee by refusing to provide her with a working printer to use at home.

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POLICY & REGULATION

UK Gov't Urged To Link Pension, Property Wealth Policies

By Martin Croucher

The government must break down "regulatory silos" between property and pension wealth, or millions of people will be at risk of a shortfall in retirement income, a trade body warned Thursday.

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Panel Urges FCA To Review Consumer Rules For Small Cos.

By Alex Davidson

The Financial Services Consumer Panel has asked the Financial Conduct Authority to review how banks and other finance businesses should apply the Consumer Duty and other rules to sole traders and smaller businesses.

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PEOPLE

Morr & Co. Strengthens Private Client Team With London Hire

By Tom Fish

Morr & Co. has strengthened its private client practice by appointing a new partner in London to meet growing demand for complex estate and succession planning advice.

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Norton Rose Hires Digital Finance Partner In Amsterdam

By Tom Fish

Norton Rose Fulbright said Wednesday that it has strengthened its global banking practice by hiring a project finance specialist as a partner in Amsterdam, as the firm expands into digital infrastructure and energy transition work.

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GOVERNMENT AGENCIES IN TODAY'S NEWS

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