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Financial Services UK

Top Commercial Dispute Cases To Watch In The Rest Of 2025

Litigators will be eagerly awaiting the first "dieselgate" trial in what will be the largest ever group action in England and Wales when the courts return after the summer recess, as well as keeping an eye out for the outcome of a 拢36 billion ($49 billion) claim against BHP. Here, Law360 looks at those and other big cases to watch out for the rest of 2025.

Concept picture of pound notes with a calculator and pen.

FCA's New Redress Powers Spark Some Legal Concerns

Government plans to reform the Financial Ombudsman Service will give the Financial Conduct Authority new powers to introduce wide-ranging consumer redress programs at its discretion, leading lawyers to warn that the regulator could become too susceptible to public pressure.

Close-up of aeroplane jet-engine on a runway

Top Commercial Dispute Rulings Of 2025: Midyear Report

England's courts have dealt in the first half of 2025聽with a multibillion-dollar legal dispute with insurers over planes stuck in Russia, slashed the exposure faced by banks over motor finance claims and set out how the proceeds from a landmark class action against Mastercard should be distributed.

The Top Corporate Crime Cases To Watch In The Rest Of 2025

The crackdown by the Serious Fraud Office on dirty money could dominate the attention of white collar lawyers in the second half of 2025 as the agency pursues two cases that could define the circumstances in which it can seize suspected criminal money.聽

September 11, 2025
Pensions Managers Urged To Boost Standards For Savers

Pensions administrators must invest more to modernize their data systems and trustees should play a stronger role in raising standards to help the sector make improvements, the retirement savings watchdog warned on Thursday.
September 11, 2025
BlackRock, Pictet Back Swiss Marketplace's $1.3B IPO

Online marketplace owner SMG said on Thursday that it expects to raise up to approximately 1.04 billion Swiss francs ($1.3 billion) in its initial public offering scheduled to take place on the SIX Swiss Exchange on Sept. 19.
September 11, 2025
Social Mobility Data Needed To Tackle Pensions Skill Shortage

Recording social mobility data in the financial services sector would broaden talent pools across various companies and address the predicted skills shortage over the next decade, a pensions trade body has said.
September 11, 2025
Watchdog Launches Program To Help Small Audit Firms Grow

Britain's accounting watchdog initiated a program on Thursday that it said would help small audit businesses to improve their inspections of larger companies, as part of its broader bid to improve variety in the market.
September 11, 2025
Liquidators Can't Contractually Limit Liability To VC Funds

A London court has ruled that the former liquidators of three venture capital funds cannot contractually limit their liability to the companies over claims that they enabled the聽managers of the funds to siphon off shareholders' assets.
September 11, 2025
Prudential Must Pay VAT On Investment Firm's Success Fees

Britain's highest court ruled Thursday that payments of 拢9.3 million ($12.5 million) made by Prudential to an investment firm are taxable under value-added tax regulations because the liability was incurred when they were not part of the same group for tax purposes.
September 11, 2025
HCR-Led Tavistock Buys UK Financial Adviser For Up To 拢10M

Tavistock said Thursday that it has acquired a controlling stake in Lifetime Financial Management Intermediaries Ltd., a financial advisory company, for up to 拢9.9 million ($13.4 million), in a move to expand its consultancy services.
September 11, 2025
Latham, Cederquist Guide NOBA Bank's $3.7B Swedish IPO

Swedish lender NOBA Bank said Thursday that it plans to re-list on the Stockholm stock exchange in a flotation that it expects to value the company at 35 Swedish kronor ($3.7 billion)
September 10, 2025
UK Gov't Rebuffs Lawmaker Calls To Reform Lifetime ISAs

The government shrugged off calls to reform the rules around Lifetime ISAs on Thursday, despite warnings that millions of Britons may have been wrongly sold the long-term savings product.
September 10, 2025
FCA Weighs Changing Rules To Boost Contactless Payments

Britain's financial regulator said Wednesday that it is considering changes to the rules that will give companies the power to聽set their own contactless payment limits.
September 10, 2025
FCA Hauls 3 'Finfluencers' To Court For Illicit Forex Promotion

Three individuals charged with advertising unauthorized investment opportunities in foreign exchange markets on social media made their initial court appearance Wednesday as part of what the Financial Conduct Authority said was a wider global crackdown on illegal online promotions.聽
September 10, 2025
Pinsent Masons Guides 拢105M Materials Co. Pension Deal

鈥婰egacy pension plans for the industrial materials giant Mativ Holdings Inc.'s U.K. arm have completed two full-scheme buy-ins worth 拢105 million ($142 million) with Rothesay Life PLC, the insurer has said.
September 10, 2025
Lawmakers Float Plan To End Lifeboat Fund Admin Levy

The Liberal Democrats said Wednesday that they have backed reform that will see the permanent removal of a controversial levy on pension providers which funds the administrative expenses of the sector's lifeboat program.
September 10, 2025
Abramovich Loses Appeal To EU Sanctions Over Evraz Ties

Roman Abramovich failed to lift European Union sanctions against him on Wednesday as judges ruled they are justified because the oligarch is a main shareholder in the steel company Evraz, one of the largest taxpayers in Russia.
September 10, 2025
FCA To Slash Data Reporting For Retail Broker Firms

The Financial Conduct Authority said Wednesday that it plans to slash some of the quarterly and biannual reports that retail broker companies must submit, a step it estimates can save the sector approximately 拢1.8 million ($2.4 million) in administrative costs.
September 09, 2025
Addleshaw Goddard Hires Innovation Lead From Macfarlanes

Addleshaw Goddard LLP announced Tuesday that it hired the former head of law tech and chief knowledge and innovation officer at U.K. law firm Macfarlanes as a financial services partner with a focus on bolstering its tech offerings to clients.
September 09, 2025
Tether Accuses Crypto Trader Of Unlawful Suit Over Bitcoin JV

Tether accused a crypto trading company in a London court on Tuesday of knowingly bringing an unlawful claim over a soured bitcoin mining joint venture after the trader conceded that it did not own the intellectual assets of the joint venture vehicle.
September 09, 2025
FCA Puts Brakes On 400 Misleading Auto Finance Payout Ads

The Financial Conduct Authority said Tuesday that it has curbed hundreds of promotions by claims management companies that have overstated the compensation available to consumers in the wake of rulings over motor finance fees.
September 09, 2025
Insurers Told To Invest In Data To Meet Cyber-Market Demand

The insurance sector must improve the quality of its data to better understand risks if it is to address the anticipated growth in the cyber-market, Lockton Re has said.
September 09, 2025
Dutch Pension Reform Could Mean Shakeup For Markets

The sweeping reform of the 鈧�2 trillion ($2.3 trillion) Dutch pension sector from next year could have knock-on effects for bond markets and Eurozone banks, a credit rating agency warned Tuesday.
September 09, 2025
Accountant Spied On By Boss Wins 拢14K Over Unfair Firing

A former employee of an accounting company has been awarded 拢14,120 ($19,150) after an employment tribunal ruled that her employer unfairly fired her and then spied on her work computer to retrospectively justify its decision.
September 09, 2025
Chancellor Warned Against Cutting Pension Tax Relief

Possible changes to pension tax relief rules that could be announced in the forthcoming autumn budget to raise additional revenue are fraught with risks for Chancellor Rachel Reeves and could break government manifesto commitments, a consultancy has said.
September 09, 2025
BHP Settles Class Action Over Brazil Dam Collapse For $72M

BHP Group Ltd. revealed on Tuesday that it has agreed to pay 110 million Australian dollars ($73 million) to settle a class action brought in Australia on behalf of shareholders in the mining giant before a deadly dam collapse in Brazil in 2015.
September 08, 2025
Investors Say E-Commerce Co. Misrepresented $69M Bond Deal

A group of investment firms has alleged that an Indian e-commerce company breached a finance deal by failing to use the almost $69 million in bonds the firms issued to purchase 100% of a software business.
September 08, 2025
FCA Unit Tells Legal, Accountancy Bodies To Improve SARs

The anti-money laundering unit of the Financial Conduct Authority told legal and accountancy supervisory bodies on Monday that suspicious activity reports they submit could be improved by setting out an action plan.

Editor's Picks

5 Questions For Spencer West Partner Karl Foster

The Financial Conduct Authority's approach to enforcement and consumer protection has come up against government economic growth priorities and resistance from the sector to its proposals to "name and shame" companies聽early on during regulatory probes.
UK Draft Pay Fraud Rules Open Tricky Legal Liabilities

The government's new draft legislation, which will give banks longer to investigate suspicions of fraud before they send payments instructed by customers, will create a wave of new legal liabilities and lead to regulatory hurdles, according to lawyers.
FCA Fires Warning Shot Over City's Consumer Duty Failings

The Financial Conduct Authority has sent out a fresh warning to financial services companies highlighting how some of them are failing to comply with its Consumer Duty regime. But experts have told Law360 that the expectations are unclear.

Expert Analysis

Charting A Course For The UK's Transition From Paper Shares

The recent report from the U.K.'s Digitisation Taskforce, recommending modernization of how shares in U.K.-listed companies are held, makes it clear that while moving from paper shares to an intermediated system is a positive step, the transition will not be without complications, say lawyers at HSF Kramer.
Return-To-Office Policy Considerations For UK Employers

As the Financial Conduct Authority reviews its hybrid working policy and other organizations increasingly require employees to return to the office, employers should weigh the costs and benefits of these decisions while considering the nuances of work-from-home rights in the U.K., say lawyers at Shoosmiths.
Catching Up On Simplified EU Sustainability Disclosure Rules

A recent proposal to streamline implementation of the EU鈥檚 Taxonomy Regulation contains measures that would reduce companies鈥� sustainable investment reporting and compliance requirements, and better support the EU鈥檚 climate and environmental goals, say lawyers at Proskauer.
Fraud Law Puts Fund Managers Under Compliance Spotlight

The new failure to prevent fraud offense, effective Sept. 1, may not represent a material departure from most managers鈥� duties to exercise due care in preventing loss to the assets they manage, but the prospect of criminal liability should sharpen their compliance focus, says Andrew Henderson at Goodwin Procter.
CMA Pricing Guide Signals Shift In UK Consumer Protection

The Competition and Markets Authority鈥檚 recent draft price transparency guide, as part of a wider reform introduced by the Digital Markets, Competition and Consumers Act 2024, represents a significant change in U.K. consumer protection by targeting unfair trading practices and strengthening enforcement mechanisms, says Felicity Forward at Shoosmiths.
8 Compliance Team Strategies To Support Business Agility

Amid new regulatory requirements across the globe, compliance functions must design thoughtful guardrails that help business leaders achieve their commercial objectives lawfully 鈥� from repurposing existing tools to using technology thoughtfully 鈥� instead of defaulting to cumbersome protocols that hinder legitimate business, says Theodore Edelman at GCE Advisors.
What To Note From FCA, Gov't Financial Growth Proposals

Recent Financial Conduct Authority and government proposals for financial services reform are positive developments for firms, signaling a drive to push forward growth and a willingness to be flexible in areas of regulation that the industry has long raised as barriers, say lawyers at Simmons & Simmons.
What Gov't Report Tells Lawyers About Continuing AML Risks

The U.K. government鈥檚 recent national money laundering risk assessment maintains conveyancing, company service work and misuse of client accounts as key threats, underscoring that law firms should expect renewed scrutiny and higher expectations in these high-risk areas, says Harriet Holmes at Thirdfort.
Petrofac Ruling Shifts Focus To Fairness In Restructurings

The recent Court of Appeal overturning of Petrofac's restructuring plans demonstrates a change of direction that will allow previously ignored out-of-the-money creditors a share in the benefits, and means companies must review the fair treatment of different creditor classes, say lawyers at King & Spalding.
Europe's New Defense Push Creates Investment Prospects

Recent increases in European defense expenditure and governments' desire to innovate are creating a compelling environment for investment and merger and acquisition activity, especially for small and midsize enterprises at the forefront of emerging technologies, say lawyers at Skadden.
Key Considerations For Issuers In FCA Prospectus Reform

The Financial Conduct Authority鈥檚 forthcoming reform of the U.K. prospectus regime should be attractive to both debt and equity issuers because it limits the circumstances in which a costly prospectus is required, making it easier and cheaper for listed companies to raise capital, say lawyers at Sullivan & Cromwell.
How Top Court Ruling Limits Scope Of Motor Finance Claims

The U.K. Supreme Court鈥檚 recent ruling in a landmark case concerning car finance commissions clarifies when and how a dealership鈥檚 fiduciary duties arise, considerably narrowing that path for mass consumer litigation and highlighting how an upcoming Financial Conduct Authority redress scheme will seek to balance consumer, lender and market interests, say lawyers at Cadwalader.
FCA Misconduct Guide Will Expand Firms' Duty To Investigate

The Financial Conduct Authority's recent proposals on workplace nonfinancial misconduct will place a greater onus on compliance and investigations teams, clarifying that the question to ascertain is whether the behavior is justifiable and proportionate, say lawyers at Ashurst.
Lessons From Landmark UK Supreme Court Libor Ruling

The U.K. Supreme Court鈥檚 recent quashing of former traders Hayes and Palombo鈥檚 interest rate rigging convictions on the ground of jury misdirection raises concerns about failings in the criminal appeal process, and whether encouraging institutions to accept regulatory settlements can create conditions for miscarriages of justice, says Ellen Gallagher at Vardags.
Mansion House Speech Heralds New Financial Regulatory Era

The chancellor of the exchequer's recent Mansion House speech introduced a sweeping commitment to modernize regulation, which will require U.K. retail banks and building societies to revisit core assumptions, and allow lawyers to play a key role in shaping the new rules, say lawyers at Addleshaw Goddard.