Top Stories

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  Ex-Banker Says Moldova's President Is Fueling $22B Case

  By Christopher Crosby

  A Moldovan entrepreneur facing extradition from the U.K. for allegedly masterminding a $22 billion money launder...(read more)

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  EU Wildfires Unlikely To Hit Insurers Unless Losses Spread

  By Martin Croucher

  The insurance sector is unlikely to face a major hit from wildfires in Spain and France unless they spread to ur...(read more)

• Patent Pools Must Brace For Litigation After Tesla Ruling

  By Alex Baldwin

  The U.K.'s top court has held that companies that rely on technological standards such as 5G and WiFi may now rope patent pool operators into litigation to secure fair, reasonable and nondiscriminatory licensing terms after Tesla prevailed in its landmark appeal Monday.

• Right-To-Work Fines Ruling Unlikely To Slow UK Crackdown

  By Adele Redmond

  The Home Office will change its administration of illegal working fines following the top U.K. court's Monday ruling that the department must specify how employers have broken the law — but the decision is unlikely to impede a ramp-up in immigration enforcement.

• Teacher Fired In Trans Pronoun Dispute Presses Ban Appeal

  By Max Austin

  A former teacher has said he can appeal a ban preventing him from working with children after a judge held that a government background check agency may have failed to properly explain why his gender-critical views posed a risk to students.

• Ex-Solicitor Loses Appeal In SFO Tipping-Off Case

  By Christopher Crosby

  A former solicitor was denied an opportunity on Tuesday to overturn his conviction for tipping off a client about an anti-money laundering investigation by the Serious Fraud Office as an appeals court ruled that there was no procedural unfairness in his trial.

• EY Fined £1.2M For Rule Breaches On Made.com Audit

  By Alex Davidson

  The Financial Reporting Council fined EY £1.2 million ($1.6 million) and the firm's audit engagement partner Julie Carlyle £49,000 Tuesday for rule breaches in the audit of online furniture retailer Made.com's 2021 accounts.

• Weightmans Hits £162M Revenue In 5th Year Of Growth

  By Ashish Sareen

  Weightmans LLP said Tuesday that its revenue exceeded £160 million ($213 million) and profit climbed by 17% as the firm grew for a fifth consecutive year, spurred by more high-value work in areas including public sector, regulatory and employment.

• HSF Kramer Guides Inchcape On Expanded Buyback Program

  By Irene Madongo

  Inchcape PLC said Tuesday that it will add a £75 million ($100 million) share buyback to its existing £175 million program, increasing the vehicle distributor's repurchase program to £250 million.

• UK Court Cuts Penalties, Upholds Bans Over Pensions Advice

  By Natalie Olivo

  A U.K. appeals court upheld the Financial Conduct Authority's decision to ban a company director and pensions adviser from the financial services sector but reduced the watchdog's penalty assessment, holding Monday that fines should be proportionate to harm caused.

• Insurance Co. Loses Appeal Over Dividend Tax Restitution

  By Josh White

  An insurance company can't rely on an earlier test case to extend limits for seeking restitution on taxes paid on dividends because the test case has since been overruled, the U.K.'s top court ruled Monday.

• Apple Accused Of Trying To 'Stifle' £785M App Antitrust Claim

  By Ronan Barnard

  Lawyers representing app developers suing Apple in a £785 million ($1 billion) group action accused the tech giant of trying to strangle the action by asking for "an oppressive level of disclosure" in a London antitrust tribunal Monday.

• Google Settles Price Comparison Site's Search Bias Claim

  By Eddie Beaver

  Google has settled a price-comparison company's claim that the technology giant abused its dominance in the online search market by steering users away from the rival's website and toward Google's own comparison-shopping service, a London tribunal said Monday.

• Moldova Fights To Extradite Ex-Banker In $22B Fraud Case

  By Christopher Crosby

  A Moldovan tycoon wanted for allegedly masterminding a $22 billion money laundering ring was the "leader" of an organized criminal group that corrupted judges to circumvent Russian currency controls, a prosecutor told a London judge Monday.