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Hedge Fund OK To Sue Metal Exchange's Owner Over Crisis

By Tom Fish

Funds run by Elliott Investment Management LP can start a legal claim against the London Metal Exchange's Hong Kong owner over the trading venue's handling of the 2022 nickel crisis, the Competition Appeal Tribunal has ruled.


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    The Law Society said Tuesday that exports of U.K. legal services grew to a record total of around £11 billion ($14.7 billion) in 2025 amid sustained international demand but warned that further government investment is needed as international rivals look to close the gap.

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    Workers who lose a close family member or experience pregnancy loss before 24 weeks will be entitled to two weeks' unpaid leave from April 2027, the U.K. government announced Tuesday.

  • Kuwait Loses Bid To Extradite Former Pension Chief's Widow

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    Kuwait can't extradite the widow of its former pension chief from the U.K. to serve a lifetime prison sentence for allegedly stealing $73.8 million, a London judge has ruled, saying prosecutors failed to formally notify her about her criminal trial.

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    The Bahamas' Water and Sewerage Corp. cannot claim squatters' rights over a section of land in the Caribbean country on the grounds that it has constructed water tanks there, the top appeals court for U.K. overseas territories has ruled.

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    The Court of Appeal's decision to wipe out a £677 million ($905 million) payment protection insurance bill for Santander has far-reaching implications on historic liabilities for insurers, transaction lawyers and private equity dealmakers, experts say.

  • Honeywell Halts Ex-Licensee's Conveyor Belt Sales At UPC

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    Honeywell has persuaded the Unified Patent Court to stop a former licensee from selling certain conveyor belts in several European nations, defeating its opponent's argument that the agreement is still in place.

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    Asset manager Nuveen said Tuesday that it has received regulatory approval for its planned £9.9 billion ($13 billion) takeover of U.K. rival Schroders, paving the way for the deal to close once remaining conditions are met.

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    The Financial Conduct Authority has accepted a recommendation to investigate a complaint over its handling of a redress scheme for customers of a group of lenders, after the Complaints Commissioner found the regulator had wrongly rejected the case as out of time.

  • Trafigura To List Tanker Arm In Oslo In 1st For Logistics Giant

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    Logistics and commodities giant Trafigura said Monday it plans to take its newly formed Volare Shipping Ltd. unit public in Oslo after a private share placement seeking to raise the Norwegian kroner equivalent of about $500 million.

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Expert Analysis

  • Eloise Ryan
    'Peppa Pig' Ruling Broadens Global Copyright Relief
    The High Court's recent unusual decision in Hasbro v. Công to grant a panjurisdictional injunction shows that, in certain circumstan... (read more)
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  • Rachael Healey
    Key Points From High Court Ruling On FOS Time Bar Rule
    In Barclays Bank v. Financial Ombudsman Service, the High Court recently blocked the FOS from investigating consumer complaints that... (read more)
  • Ricci Potts
    UK Top Court Eases Creditors' Path To Enforcing Foreign Debt
    The recent U.K. Supreme Court ruling in Drelle v. Servis-Terminal that an unrecognized and unregistrable foreign judgment may found ... (read more)
  • Vaïk Müller
    EU Ruling Creates Clear Separation Of Sanctions, AML Risks
    A recent ruling from the Court of Justice of the European Union bars banks from automatically denying basic payment accounts based o... (read more)
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