Central Banker Eyes Exit In $260M Suit Over PrivatBank

The former head of Ukraine's central bank is seeking to strike out claims by Ukrainian oligarch Igor Surkis alleging she conspired with the country's former president to wipe out funds belonging to companies owned by his family during the nationalization of PrivatBank.

A Chinese billionaire is suing UBS AG in London claiming the bank made misleading statements about the terms of an investment deal which cost him $495 million during market turbulence.

Britain's competition watchdog fought back on Tuesday against Facebook's attempt to ease an order designed to freeze its integration with Giphy while the acquisition of the website is under investigation, saying the social media giant has "shut up shop."

Europe's executive body said on Tuesday that it has formally started infringement proceedings against programs in Malta and Cyprus that allow individuals to buy citizenship, amid concerns about money laundering and the risk of tax evasion.

The British government has set out proposals to hand financial services watchdogs stronger powers to design and implement regulatory standards for the marketplace when the Brexit regulatory transitional period ends in December.

Facebook argued Monday that restrictions imposed by the U.K.'s antitrust enforcers while investigating its purchase of Giphy Inc. are heavy-handed and should be loosened.

More than five years after ordering two former oil traders to face a massive fraud lawsuit in the English courts, a London judge again reached the same conclusion Monday after finding the men were in a position to exercise control over the business. 

The European Union will launch a new sanctions regime targeted at individuals suspected of human rights abuses that will mirror the U.S. Magnitsky Act, Ursula von der Leyen, head of the EU's executive arm, announced Monday.

Marcus Pleyer, the new president of the Financial Action Task Force, talks to Law360 about his priorities, including the risks posed by crypto-assets and the role of artificial intelligence in enforcement.

Guarantor loans lender Amigo Holdings said on Monday that it will have to get permission from the Financial Conduct Authority before paying out dividends and bonuses, as it continues to struggle with a backlog of complaints and regulatory investigation.