Top Stories

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  FCA Sets Rules To Cut Transaction Reporting Costs By £108M

  By Alex Davidson

  The Financial Conduct Authority said Monday that it has finalized simpler rules on transaction reporting that wi...(read more)

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  Motor Boss Wins Claim PE Biz Ousted Him From £200M Biz

  By Joanne Faulkner

  Private equity firm Freshstream "saved up" misconduct allegations against Big Motoring World founder Peter Wadde...(read more)

• Banco BPM Drops Merger Talks With Monte Paschi

  By Najiyya Budaly

  Italian lender Banco BPM has said that it has abandoned talks for a merger with Monte dei Paschi di Siena, paving the way for the country's largest lender, Intesa Sanpaolo, to move ahead with its €30.6 billion ($35.3 billion) takeover.

• Why Law Firms Still Back LLPs After BlueCrest Tax Ruling

  By Marialuisa Taddia

  Limited liability partnerships are still the structure of choice for law firms trying to keep pace with a London lateral market that shows little sign of slowing, even after a recent ruling by the U.K. Supreme Court raised fresh questions about tax and governance for those using the model.

• Advanz Limits Takeda Patent Team's Access To Biosimilar Info

  By Jamie Lennox

  A London judge restricted the activities of two in-house lawyers at Takeda on Friday to ensure they don't use Advanz's confidential information for purposes that fall outside their ongoing bowel disease drug patent clash.

• BlackBerry Can Pursue $6M Fee Claim Despite 4-Year Delay

  By Eddie Beaver

  BlackBerry Ltd. can pursue its $6 million claim against a telecoms company over allegedly unpaid licensing fees after an appeals court ruled Friday that the case should not be struck out, despite the software company leaving it dormant for almost four years.

• BP Preparing Sale Of North Sea Business In Strategy Revamp

  By Najiyya Budaly

  BP PLC said Friday it has put its North Sea business up for sale after six decades of operations, as industry groups urged the new prime minister to provide "certainty, stability and a policy framework" to prevent an exodus of employers from the region.

• Airbus Pays HMRC £6.4M Over Export Control Breaches

  By Josh White

  Aerospace giant Airbus reached an agreement with the U.K. tax authority to pay £6.4 million ($8.6 million) to settle claims that the company breached export control rules, the agency announced Thursday.

• Goldman Sachs Must Pay £1.45M For Paternity Leave Firing

  By Adele Redmond

  A former Goldman Sachs compliance officer has won £1.45 million ($1.93 million) after the investment bank discriminated against him by sacking him while he was on paternity leave.

• Safa Wife Bids To Slip Net Tying Her To $2B Tuna Bonds Case

  By Eddie Beaver

  The widow of shipbuilding magnate Iskandar Safa urged an appeals court Thursday to overturn a ruling allowing Mozambique to add her to its bribery case after the country secured a $1.9 billion damages award, arguing that any claim against her belongs in Lebanon.

• KPMG Probed By FRC Over Audit Of John Wood Group

  By William Janes

  The accounting regulator said Thursday that it is investigating KPMG and two accountants over an audit of engineering firm John Wood Group PLC, which was fined £13 million ($17.4 million) this year for making misleading financial statements.

• Duty To Consult On Staff Monitoring Would Increase Disputes

  By Adele Redmond

  Lawyers warn that a proposal from the government to require employers to consult on how they use workplace monitoring technology would lead to disputes with workers and their unions — but any lesser reform won't improve workers' rights as employers seek to avoid scrutiny of their methods.

• Matt Hancock Wins Libel Fight Over 'Antisemitic' COVID Tweet

  By Robbie Kalus

  Matt Hancock defeated a libel claim Wednesday when a London appeals court ruled that the former U.K. health secretary could rely on the honest opinion defense in describing a tweet by former Member of Parliament Andrew Bridgen as "antisemitic."

• Billionaire Sheikh Can't Duck Service Of €83M Debt Claim

  By Robbie Kalus

  A Saudi sheikh who owes liquidators €83 million ($95 million) failed on Wednesday to frustrate possession proceedings against his home on Britain's most expensive street, as a London court ruled that the claim forms could be served to his solicitors.