The launch by the Serious Fraud Office of its first cryptocurrency investigation signals an appetite for using new resources to crack down on fraud, part of a wider move by U.K. law enforcement agencies to treat blockchain as a mainstream threat, lawyers say.
The launch by the Serious Fraud Office of its first cryptocurrency investigation signals an appetite for using new resources to crack down on fraud, part of a wider move by U.K. law enforcement agencies to treat blockchain as a mainstream threat, lawyers say.
The Bermudan life insurance arm of Credit Suisse lost its challenge on Monday to a $607 million damages bill it owes to the former prime minister of Georgia as the top court for overseas U.K territories rejected its arguments.
Britain's highest court ruled on Monday that a business tycoon breached his fiduciary duties when he transferred shares out of his wound-up company, and ordered him to hand over €67 million ($77 million) in damages.
Trafigura's former head of nickel trading denied conspiring with Prateek Gupta to defraud the company out of $600 million through a sham nickel trade deal, as he gave evidence at the trial on Monday.
Credit Suisse has urged a New York federal judge to let it out of a lawsuit by an Aeva Technologies co-founder who claims the banking giant provided "institutional cover" to conspirators who allegedly stole tens of millions of dollars, arguing that it also fell victim to the scam.
The former head of investments at Kimura Management Services has been awarded almost £40,000 ($52,000) in compensation by a London employment tribunal, which found the defunct trade finance company liable for multiple breaches during its redundancy process.
International digital bank Revolut said Monday that it has reached a valuation of $75 billion after completing a share sale which involved investors including U.S. firm Coatue Management LLC and chips behemoth Nvidia.
The U.K. unit of global capital markets company Phillip Brokerage Pte Ltd. has agreed to acquire Walker Crips Group PLC, a financial services business based in London, for £5.96 million ($7.8 million), the companies said Monday.
Paul Hastings has added a fund finance partner to its London practice as the firm looks to strengthen its team in the face of a rapidly evolving and expanding market.
