Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.
Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.
CBRE defeated allegations Tuesday that it pressured JLL to undervalue a 36-story Brussels skyscraper after a court found its €920 million ($1.1 billion) assessment legitimate despite shortcomings in its work.
The Financial Conduct Authority has said that it has canceled a financial services company's registration for anti-money laundering purposes after it ignored the regulator's "numerous attempts" to obtain information.
One of Russia's richest men won a fight over disclosure of documents Tuesday, in litigation involving the alleged defrauding and mismanagement of a nickel miner, when a London judge found that Russian law required personal data in disclosed documents to be redacted.
A German banking association has lost its challenge against a Swiss investment group's "Foxbank" trademark, failing to convince a European Union panel that consumers could mix up the name with its existing "Volksbank" trademark.
The Financial Ombudsman Service has been ordered to pay most of the costs incurred by four banks which successfully challenged the regulator's approach to consumer credit complaints.
The Financial Conduct Authority has warned that financial firms have gaps in identifying shared risks and dependencies that could leave the sector exposed to rising geopolitical and defense threats.
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