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Financial Services UK

  • September 02, 2025

    Goldman Seeks To Limit Ex-Manager's Sex Bias Award Payout

    Goldman Sachs sought on Tuesday to reduce a former compliance manager's payout after it unfairly dismissed him while he was on paternity leave, arguing at a London employment tribunal that it might have dismissed him in any event. 

  • September 02, 2025

    FCA Calls For Legal Clarity If Trustees Refuse Gov't Mandate

    The Financial Conduct Authority warned a parliamentary committee Tuesday that the government's Pensions Schemes Bill requires secondary legislation to clarify how trustees can safely refuse any government direction on how to invest funds in the private economy.

  • September 02, 2025

    UK Gov't To Fix Fallout From Virgin Media Pensions Ruling

    The government has floated new rules for pension funds that experts say could offer a way out of the legal limbo they've faced since a landmark court judgment more than a year ago.

  • September 02, 2025

    Clifford Chance-Led Online Marketplace Plans Swiss IPO

    Online marketplace owner Swiss Marketplace Group AG said on Tuesday that it is planning to float its existing shares on the SIX stock exchange of Switzerland in an initial public offering.

  • September 02, 2025

    Textor Cites Missing Docs To Fight $93M Share Buyout Claim

    The owner of a portfolio of professional football clubs told a London court he wasn't obliged to pay $93.6 million for an investment vehicle's stake in his company, arguing that it failed to provide documents needed for the transaction.

  • September 02, 2025

    Payments Co.'s NFT Patent Denied Over 'Flawed' Fraud Claim

    U.S. payments company Blackhawk Network Inc. has been denied a U.K. patent for a method of buying non-fungible tokens using a scannable code, after officials found that the system does not prevent fraud as the business had claimed.

  • September 02, 2025

    Slaughter And May Guides Shawbrook On Acquisition Deal

    Retail bank Shawbrook Group PLC said on Tuesday that it will acquire ThinCats, a lender to small and midsized companies, to help to deliver "a highly attractive return on invested capital."

  • September 02, 2025

    Monte Dei Paschi Sweetens Mediobanca Bid To €13.5B

    Monte dei Paschi said Tuesday that it has increased its takeover offer for rival Italian lender Mediobanca with a €750 million ($872 million) cash sweetener in an attempt to win shareholders' approval, as the proposed deal reaches a value of €13.5 billion.

  • September 02, 2025

    Wealth Manager Rathbones Launches 1st Share Buyback

    Rathbones Group PLC rolled out its first stock repurchase program, which will be worth as much as £50 million ($67 million), on Tuesday after it recently reported a boost in its cash reserves.

  • September 01, 2025

    Top Commercial Dispute Rulings Of 2025: Midyear Report

    England's courts have dealt in the first half of 2025 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.

  • September 01, 2025

    Utah Bank Sues Insurer For $10M Over Aircraft Engine 'Loss'

    Bank of Utah has sued Russian insurance company AlfaStrakhovanie for up to $10 million over a jet engine allegedly stuck in Russia since the country's invasion of Ukraine in 2022.

  • September 01, 2025

    Insurers Urged To Address Gap In Europe's Net Zero Coverage

    A trade body for European risk managers urged insurers on Monday to close gaps in coverage for technologies that are critical to the bloc's transition to net zero emissions.

  • September 01, 2025

    Crédit Agricole Unit Gets Regulatory Nod For Swiss Bank Buy

    French banking giant Crédit Agricole said Monday that its subsidiary Indosuez has finalized the acquisition of Banque Thaler after winning regulatory approval, bringing the unit's total assets under management to almost €220 billion ($258 billion).

  • September 01, 2025

    Day Trader Brothers Avoid Prison For Insider Dealing

    Two sibling day traders were handed suspended prison sentences on Monday for using insider information to trade for four years, taking more than £60,000 ($81,200) in profits, as a judge said they were "dishonest operators" who harmed the efficacy of the markets.

  • September 01, 2025

    DLA Piper Steers £1M Philippine Bank Pension Buy-In

    The pension plan of the U.K. arm of private lender Philippine National Bank has agreed a £1 million ($1.35 million) full-scheme buy-in with Just Group, the financial services company said Monday.

  • September 01, 2025

    CPS Says New Economic Crime Plans Could Land This Year

    New plans to tackle economic crime by creating an environment in which criminals "fear both detection and prosecution" will land later in 2025, a senior British prosecutor said Monday.

  • August 29, 2025

    UK Bank Shares Sink After Report Calls For Windfall Tax

    Bank stocks sank Friday in the U.K. after a think tank said the government should adopt a windfall tax on profits directly tied to the Bank of England's quantitative easing program, which is costing HM Treasury about £22 billion ($30 billion) annually.

  • August 29, 2025

    New Fraud Law Crackdown Will Take Years, Lawyers Warn

    Anti-fraud enforcement agencies will soon fire the starting gun on major reforms that will hold companies criminally liable for fraud — but the race to court will be slow, and it will take years before prosecutors can claim success, lawyers say.

  • August 29, 2025

    Ocean Wilsons Rebukes Shareholder Concern On £900M Deal

    Bermudian investor Ocean Wilsons said Friday that it will go ahead with its proposed all-stock merger with local rival Hansa that will create a company with total net assets of more than £900 million ($1.2 billion), despite a shareholder's concerns.

  • August 29, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen Prosecco DOC Consortium bring an intellectual property claim against a distributor, the Serious Fraud Office bring a civil recovery claim against the ex-wife of a solicitor jailed over a £19.5 million fraud scheme, and law firm Joseph Hage Aaronson & Bremen LLP sue its former client, the bankrupt Indian tycoon Vijay Mallya. Here, Law360 looks at these and other new claims in the U.K.

  • August 29, 2025

    Man Gets 10 Years In Prison For £8M Conveyancing Fraud

    A man who scammed a total of more than £8 million ($11 million) from victims using multiple false identities was sentenced to a decade of imprisonment at a London court on Friday as the judge said he is a "thoroughly dishonest individual."

  • August 29, 2025

    Women's State Pension Redress Decision Gets Court Date

    Campaigners fighting the government over its decision not to launch a compensation program for historic failings over the women's state pension said Friday that the High Court would hear its case in December.

  • August 29, 2025

    Ex-Barclays Traders Push For Review After SFO Admits Errors

    Three former traders convicted of rigging benchmark interest rates said Friday they will try to get their cases referred to an independent commission as soon as possible after the Serious Fraud Office admitted their convictions may be unsound.

  • August 29, 2025

    US Tariffs Spur Asset Allocation Review By UK Pension Funds

    Volatility in markets caused by Donald Trump's Liberation Day tariffs has prompted U.K. pension funds to reassess their long-term U.S. equity allocations, a consultancy said Friday.

  • August 29, 2025

    FCA Urged To Shield Firms Offering Targeted Support

    Financial services companies could be held back from offering "targeted support" to customers, out of concern they could be ordered to fork out compensation down the road, a financial adviser warned.  

Expert Analysis

  • Insights From FRC's Report On Good Corporate Governance

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    Although the Financial Reporting Council’s recent report on private companies opting to follow the Wates principles has identified improvements, it is important for organizations to provide transparent disclosures and avoid boilerplate, tickbox filings, says Tessa Hastie at BCLP.

  • What To Know About The UK Overseas Funds Regime

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    The U.K.’s overseas funds regime is now open for applications, providing a simplified way of offering a foreign fund to U.K. retail investors, and the Financial Conduct Authority's clear policy statement on implementation should ease the transition process from the existing scheme, say lawyers at Dechert.

  • Takeaways From SRA Consumer Protection Review

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    While the Solicitors Regulation Authority prepares to announce its findings later this year following its consumer protection consultation, the topic of handling client funds is very much alive in the legal industry, with polarizing views on what should happen as a result of the review, says Claire Van Der Zant at Shieldpay.

  • Reflecting On 12 Months Of The EU Foreign Subsidy Regime

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    New European Commission guidance, addressing procedural questions and finally providing clarity on “distortion” in merger control and public procurement, offers an opportunity to reflect on the year since foreign subsidy notification obligations were introduced, say lawyers at Fried Frank.

  • What Updated Guide Means For Jersey's Private Funds

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    The Jersey Financial Services Commission's recent updates to the Jersey Private Fund Guide clarify existing provisions and introduce new requirements for fund managers, service providers and investors, demonstrating a clear commitment to maintaining Jersey's reputation as an attractive jurisdiction for investment, say lawyers at Walkers Global.

  • The Road Ahead For Tokenized Investment Funds In The UK

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    With an HM Treasury working group expected to release the final phase of a road map for tokenized investment funds by the end of the year, Andrew Tsang and Tom Bacon at BCLP discuss the advantages for investors and fund administrators, the proposed model for implementation, and what the regulatory landscape may look like.

  • Review Of EU Cross-Border Merger Regs' Impact On Irish Cos.

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    Looking back on the year since the European Union Mobility Directive was transposed into Irish law, enabling Irish and European Economic Area limited liability companies to participate in cross-border deals, it is clear that restructuring options available to Irish companies with EU operations have significantly expanded, say lawyers at Matheson.

  • A Look At UK, EU And US Cartel Enforcement Trends

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    The European Union, U.K. and U.S. competition agencies' recently issued joint statement on competition risks in generative artificial intelligence demonstrates increased cross-border collaboration on cartel investigations, meaning companies facing investigations in one jurisdiction should anticipate related investigations in other jurisdictions, say lawyers at Latham & Watkins.

  • Testing The Limits Of English Courts' Pro-Arbitration Stance

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    Although the Court of Appeal recently upheld a $64 million arbitration award in Eternity Sky v. Zhang, the judgment offers rare insight into when the English courts’ general inclination to enforce arbitral awards may be outweighed by competing policy interests such as consumer rights, say Declan Gallivan and Peter Morton at K&L Gates.

  • What Green Claims Directive Proposal Means For Businesses

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    With the European Union’s recent adoption of a general approach to the proposed Green Claims Directive, which will regulate certain environmental claims and likely be finalized next year, companies keen to publicize their green credentials have even more reason to tread carefully, say Marcus Navin-Jones and Juge Gregg at Crowell & Moring.

  • £43M Legal Bill Case Shows Courts' View On Exchange Rates

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    A recent Court of Appeal decision declined to change the currency used for payment of the Nigerian government's legal bill, aligning with British courts' consensus that they should not be concerned with how fluctuating exchange rates might benefit one party over another, says Francis Kendall at Kain Knight.

  • Examining The EU's New Payments Services Package

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    Following recent European Parliament elections, the spotlight is turning to the highly anticipated payments services package expected in September, marking a pivotal moment in the legislative process that will reshape the payment services ecosystem in the European Union, says Kristýna Tupá and Karolína Hlavinková at Schoenherr.

  • Examining The State Of Paccar Fixes After General Election

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    Following the U.K. Supreme Court's Paccar decision last year, which made many litigation funding agreements for opt-out collective actions in the Competition Appeal Tribunal unenforceable, the judiciary will likely take charge in implementing any fixes — but the general election has created uncertainty, says Ben Knowles at Clyde & Co.

  • EU Reports Signal Greenwashing Focus For Financial Sector

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    Reports from the European Supervisory Authorities on enforcement of sustainability information, plus related guidance issued by the European Securities and Markets Authority, represent a fundamental change in how businesses must operate to maintain integrity and public trust, say Amilcare Sada and Matteo Fanton at A&O Shearman.

  • Opinion

    Without Change, Fighting Fraud Is A Losing Battle For The UK

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    To successfully fight fraud cases in the U.K. — like the Russian Coms scam recently shut down by the National Crime Agency — it is clear there needs to be significant investment in recruiting and training expert investigators, and meaningful engagement between the country’s intelligence platforms, says Anthony Hanratty at Howard Kennedy.

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