The ruling by the U.K. Supreme Court on the bounds of a director's duty to act in "good faith" makes it clear that honesty is the best policy, even if directors are at odds over what they think is best for their company, lawyers say.
The ruling by the U.K. Supreme Court on the bounds of a director's duty to act in "good faith" makes it clear that honesty is the best policy, even if directors are at odds over what they think is best for their company, lawyers say.
Britain's competition watchdog said Wednesday that it has approved the planned $1.2 billion acquisition by eBay of Depop, an online marketplace for used apparel, at the end of the first phase of an investigation it launched in June.
Saudi Reinsurance Co. has said it has agreed to acquire a minority stake in AdA Risk Holding Co. Ltd., a London-based specialty underwriting firm, as the reinsurer seeks to strengthen its position in the Lloyd's market.
Supermarket Income REIT PLC said Wednesday that it is planning to raise £100 million ($134.4 million) in equity to fund the acquisitions of nine grocery stores for £216 million in different parts of the U.K.
Electrical components maker Volex has acquired the remaining 64.3% stake it did not already own in Kepler SignalTek, a medical products manufacturer, for up to $89.4 million, to broaden its presence in patient-connected devices.
European real estate investment firm Infill Capital Partners has said it no longer plans to pursue its proposed £40.9 million ($54.8 million) take-private bid for Safestay, a British tourist hostels company.
LDC (Managers) Ltd. has invested in law firm Brady Solicitors, based in central England, backing its expansion plans as private equity investors continue to explore opportunities in the U.K. legal sector.
A subsidiary of Zenith Energy said Wednesday it has inked a non-binding agreement to sell its portfolio of solar development projects in northwest Italy for €12 million ($14 million), reaping a significant profit.
A Saudi investor urged an appeals court Wednesday to revive its $5 million claim over an unpaid loan agreement, arguing that a London judge wrongly held the case was time-barred by applying too strict a test for what constituted an acknowledgment of the claim.
The U.K. should start working now on major legal and public policy changes to account for the rising number of consumers using chatbots for financial advice, the governor of the Bank of England has warned.
Britain's competition watchdog said Wednesday it has begun the early stages of reviewing Danone SA's proposed acquisition of meal replacement brand Huel Ltd., inviting businesses and consumers to comment on whether the deal could reduce competition in the U.K.
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