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 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.
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.
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.
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 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.
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.
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.
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.
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 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.