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Lawyers say that British courts won't lack commercial cases even if the country is barred from an international pact settling jurisdiction disputes. (iStock.)

UK's Lugano Exit Could Leave Consumers Facing Headwinds

Britain's courts won't hurt for commercial cases if the U.K. is barred from rejoining an international pact settling jurisdiction disputes, but consumers could be left out in the cold if businesses seek home turf advantage in their legal battles, attorneys say.

Top Stories

Firm Escapes Suit Over Firing Atty For Taking Aid 'Top Up'

A  London appeals court on Friday sided with DPP Law Ltd. in its bid to escape a unfair dismissal challenge brought by a former partner sacked after being accused of "topping up" legal aid fees by accepting extra cash from a client's father. 

Greensill Administrators Have Recovered £3.7B Of Assets

The administrators of collapsed finance firm Greensill Capital said they have recovered only £3.7 billion ($5.1 billion) of the company's last-reported assets of £17.7 billion since the supply chain financing firm entered into insolvency proceedings in March.

Qatar Officials Must Disclose Info In Currency Attack Suit

Senior officials at Qatar's central bank and sovereign wealth fund must disclose documents recording the Persian Gulf state's decision to pump billions of dollars into its economy in response to an alleged conspiracy to manipulate its currency and bond markets, a High Court judge said Friday.

Royal Mail Loses Appeal Over £50M Ofcom Antitrust Fine

An appeals court on Friday rejected Royal Mail's challenge against a £50 million ($69.5 million) fine for proposing price changes that could have squeezed out competitors, agreeing that the postal carrier abused its dominant position in the market. 

Investment Cos. Push Back On Property Fund Notice Periods

Britain's investment funds have pushed back against proposals to introduce mandatory notice periods for withdrawing from open-ended funds in an attempt to avoid liquidity problems, the finance regulator said on Friday.

UK Eyes New Funds To Boost Investment In Illiquid Assets

Britain's financial watchdog floated plans on Friday to launch a new category of fund designed to provide safeguards for consumers looking for long-term investments in assets that are harder to sell.

Hedge Fund Targets DC Partner For Docs In $29M Award Row

A Cayman Islands hedge fund is seeking to subpoena a Crowell & Moring partner as it looks to take the lion's share of a nearly $29 million arbitral award won by a company that Pakistan had hired to find and recover state assets stolen by corrupt government officials.

UK Urged To Introduce IPO-Friendly Listing Rules To Rival US

British policymakers should take steps to make London stock listing rules more attractive to technology companies looking to go public, the financial sector's governing body said Friday.

Premier League Sued For Blocking £340M Newcastle Sale

The owner of soccer club Newcastle United filed an antitrust claim against the Premier League, accusing the operator of the top tier soccer league of curbing competition between teams by scuttling its planned £340 million ($472 million) sale involving Saudi Arabia's sovereign wealth fund.

Denmark Can Appeal Ruling Axing £1.5B Cum-Ex Fraud Suit

Denmark's tax agency won permission Thursday to appeal a London decision dismissing its £1.5 billion ($2.1 billion) lawsuit against more than 100 financial institutions over an alleged cum-ex dividend tax fraud on the grounds it is an inadmissible foreign revenue claim.

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