UK Prosecutors' Job Made Easier By Dishonesty Test Ruling
The Court of Appeal handed more power to prosecutors in a recent decision by lowering the bar for proving dishonesty in criminal cases, a move that could encourage more prosecutions against individuals for complex frauds.
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The European Securities and Markets Authority set out guidance on Thursday to ensure that national regulators across the European Union prevent asset managers from overcharging retail investors for a fund's performance.
Europe's markets watchdog said Thursday that it has fined German ratings agency Scope Ratings GmbH €640,000 ($712,000) for failings in the methodology it used for assessing covered bonds.
Allianz has struck back against a lawsuit filed by a London cafe denied an insurance payout after its business was closed due to the COVID-19 pandemic, saying the policy only covers work interruptions caused by theft and damage to property.
Collapsed British construction giant Carillion PLC lost its bid on Wednesday to get early access to working papers to help it finalize its claim against KPMG over misstatements in its financial accounts.
The Bank of England said Wednesday that it has been meeting with British banks to prepare the sector in case the U.K. fails to reach a post-Brexit trade agreement with the European Union by the end of the transition period in December.
Britain's Serious Fraud Office vowed Tuesday to improve its culture in reaction to a report by the U.K.'s prosecution oversight body that found the white-collar crime agency suffered from favoritism, poor management and unacceptable behavior.
A London judge on Tuesday rejected Teva's bid to block an infringement claim brought by an Italian pharmaceutical company after Teva challenged its lung disease drug patents, rejecting the generic drugmaker's arguments that disclosure for the claim would be anti-competitive.
An Oxford academic, judge and barrister was sworn in as a new justice to the U.K. Supreme Court on Tuesday, marking the first time a part-time practitioner has joined the country's top court directly from a university.
New York-based investment brokerage Cantor Fitzgerald will have to face a multimillion-dollar lawsuit in the U.K. over accusations that it poached a rival's employees, after a judge said Tuesday the claim implicates three of its most senior London-based employees.
The European Commission is considering tightening the rules for recovering the €110 billion ($123 billion) proceeds of criminal activity per year after finding that just 1% of illicit assets are confiscated by European Union authorities.