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The oil spill that happened when the MV Prestige sank off the coast of Spain in 2002 caused an ecological disaster for the nearby coastlines of Spain and France. (AP Photo/Carmelo Alen)

Insurers Lose Human Rights Challenge To $1B Oil Spill Suit

A London court dismissed on Wednesday part of a challenge brought by a club of insurers against the recognition of a Spanish ruling holding it liable for up to $1 billion for a devastating oil spill, tossing the underwriters' human rights arguments.

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Amazon Did Not Receive Illegal State Aid, EU Court Says

Amazon is off the hook for a £250 million ($301 million) tax bill after Europe's second highest court declared Wednesday that the online retailer's tax deal with Luxembourg didn't constitute an illegal loophole.

FCA To Review Regulatory Extension Scheme After Greensill

The Financial Conduct Authority told MPs on Wednesday that it plans to review a regime that allowed collapsed Greensill Capital to provide investment services to U.K. investors without itself being regulated.

Tabloid Must Pay Markle's Legal Fees For Copyright Challenge

A judge ordered a British tabloid on Wednesday to pay Meghan Markle's legal costs for challenging her copyright claim, saying the publisher had "refused to face up" to evidence that she was the sole author of a letter to her father that it published without her permission.

Top EU Court Rules Double Jeopardy Ban Can Halt Arrest

Individuals prosecuted for crimes in one European Union country should not face arrest in another at the behest of nations outside the bloc — but only if their legal troubles are behind them, Europe's top court ruled Wednesday.

Aon Floats $3.5B Disposal After Probe Into Willis Merger

Aon PLC cleared the path for regulatory approval in Europe of its $30 billion merger with Willis Towers Watson on Wednesday, proposing the sale of a key business unit to insurance rival Arthur J. Gallagher & Co. for $3.57 billion.

Retailers Seek Quick Win In MasterCard, Visa Swipe Fees Suit

Hundreds of retailers asked a tribunal on Wednesday to rule that Visa and Mastercard overcharged them to process card purchases, arguing that it is bound by a U.K. Supreme Court ruling against the credit card companies over their merchant fees.

Landlords Lose Challenge To Virgin Active's Restructuring

A London court approved Virgin Active's planned restructuring on Wednesday despite opposition from a group of major landlords who objected to plans to wipe out overdue rent on most of the gym operator's sites after the pandemic sent revenues plummeting.

FCA Investigates Greensill As Founder Defends Biz Model

Britain's financial watchdog said Tuesday it is formally investigating collapsed Greensill Capital as the supply-chain company's founder Lex Greensill defended his business model to lawmakers who suggested it resembled a fraudulent scheme.

UK Insurers Sue To Avoid Covering $844M Plane Crash Deal

Chubb and other underwriters have sued in London to prevent a Bolivian insurer and the victims of a deadly plane crash, in which a Brazilian soccer team was caught up, from seeking to hold them liable for the disaster and a recent $844 million settlement.

Apple Hit With £1.5B Lawsuit Over App Store Charges

Apple has been slapped with a £1.5 billion ($2.1 billion) lawsuit on behalf of 20 million U.K. customers for allegedly abusing its market dominance by charging "excessive" commissions on app sales, Hausfeld & Co LLP said Tuesday in the latest antitrust challenge to the tech giant's App Store fees.  

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