The decision by a British bank to voluntarily pay £31.7 million ($42 million) to consumers and avoid a full investigation by the finance watchdog is part of a growing strategy to resolve cases of market misconduct more quickly, lawyers say.
The decision by a British bank to voluntarily pay £31.7 million ($42 million) to consumers and avoid a full investigation by the finance watchdog is part of a growing strategy to resolve cases of market misconduct more quickly, lawyers say.
Britain's highest court revived on Wednesday Denmark's £56 million ($74 million) fraud claim against an English broker that arose from the wide-ranging cum-ex tax refund scandal, overturning a ruling that the dispute had already been resolved in earlier proceedings.
Portfolio managers at hedge fund BlueCrest Capital Management LLP should be taxed as employees rather than partners under the U.K.'s salaried member rules, the U.K.'s top court ruled Wednesday.
An investment fund alleging it is the victim of a £45 million ($59.6 million) fraud on Wednesday sought to join litigation over the alleged scammers' frozen bank accounts, saying it is the best way it could assist the ongoing investigation.
A trade union representing workers in the civil service has called on the government to intervene after claiming that Capita has missed a deadline to fix problems with the public sector pension program.
U.K. pension providers have entered a "critical period" where they must ensure their systems, data and customer support functions are ready for public use, as a deadline approaches for the government-backed pensions dashboard project, an insurance technology company warned Wednesday.
The growing convergence between cybersecurity and artificial intelligence means that businesses need to recognize the breadth of the threat, and conduct repeated testing and adjustment to address the shifting risk landscape, say lawyers at Debevoise.
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