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A High Court judge has lifted an injunction over an escrow account holding money due to the Saudi oil company in connection with a $380 million arbitration award. (AP Photo/Tim Ireland)

Saudi Co. Gets $340M Unfrozen In PDVSA Fight Amid DOJ Suit

A judge has unfrozen $340 million owed by oil business PDVSA Servicios SA to a Saudi energy company under an arbitration award as prosecutors in the U.S. and Malaysia attempt to seize the assets in a worldwide hunt for money embezzled in the 1MDB scandal.

Top Stories

Russian Tech Exec Loses Libel Case Over Trump Dossier Leak

A Russian technology executive lost his libel case against the author of the infamous Trump dossier on Friday, as a judge said that even though the hacking allegations within the report were defamatory he had not shown that the former British intelligence officer behind the document leaked it to BuzzFeed.

EU Refers 4 Countries To ECJ, Claiming Failure In Tax Systems

The European Commission is referring Greece, the Netherlands, Belgium and Poland to the European Court of Justice, asserting that failings in their tax systems put them at odds with European law, the commission announced Friday.

SFO Gets Court Nod For DPA With Airline Services Provider

A judge gave final approval on Friday to the deferred prosecution agreement reached by the Serious Fraud Office with an airline services provider that admitted having failed to prevent company bribes linked to contracts it secured with a German carrier worth more than £7.3 million ($9.5 million).

EU Warns UK To Pull Investment Treaties Or Face Action

The European Commission warned the U.K. on Friday to unwind its European Union bilateral investment treaties by December or face legal action.

AXA Slams Insurer's £13M Lawsuit Over Pension Scheme Sale

AXA has hit back at a lawsuit over the sale of a pension scheme that left Standard Life on the hook for some £13 million ($16.8 million) in tax relief, arguing in a court filing that the other insurer lost out because it dragged its feet in putting the problems right. 

UK Fines Marriott £18.4M For Major Data Breach

The U.K.'s data watchdog said on Friday that it has fined Marriott International £18.4 million ($23.7 million), a steep drop from the £99 million penalty that the regulator had initially proposed, after failings by the hotel group allowed a cyberattacker to steal the records of 339 million guests worldwide.

Drugmaker In IP Fight With Mylan Calls EPO Ruling 'Irrelevant'

Neurim Pharmaceuticals' lawyer told a London judge at the start of its trial against Mylan on Thursday it is "irrelevant" that a European Patent Office division revoked its insomnia medication patent, as it's challenging that decision.

Fiat Chrysler Faces £5B UK Lawsuit Over Emissions Scandal

Up to half a million Fiat Chrysler vehicles sold in Britain could be equipped with illegal emissions-cheating devices, a law firm said on Thursday as it prepares to launch a group action claim in the latest escalation of the long-running scandal known as Dieselgate.

Ex-Deloitte Swiss Partner Appeals Forced Retirement Decision

A former Deloitte partner urged a London appeals court Thursday to revive his challenge to a compulsory retirement notice, arguing that he didn't miss a deadline set out in his contract to fight the decision.

Facebook Sued In UK Over Cambridge Analytica Scandal

A London law firm said on Thursday that it is suing Facebook on behalf of some one million users in England and Wales for allegedly allowing handing third-party developers such as the scandal-hit consultancy Cambridge Analytica access to their data without permission.

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