Top Stories

• 

  Ride-Hail App Bolt Can't Get £190M VAT Break, HMRC Argues

  By Josh White

  Ride-hailing company Bolt shouldn't be able to claim a £190 million ($254.3 million) value-added tax exemption f...(read more)

• 

  Met Police Weigh Fraud, Manslaughter Charges Over Grenfell

  By Eddie Beaver

  The Metropolitan Police said Tuesday that 57 people and 20 organizations are suspects for criminal charges that ...(read more)

• Investors Seek To Halt $16B Argentina Award Amid US Appeal

  By Sophia Dourou

  A group of minority shareholders of a nationalized oil company urged a court on Tuesday to stay English proceedings that seek to enforce a now-overturned $16 billion judgment in New York against Argentina while a U.S. appeal is underway.

• Nord Stream Says Pinning Blast On Ukraine 'No Small Thing'

  By Ronan Barnard

  The Swiss consortium behind a pipeline destroyed by sabotage in 2022 argued in the closing stages of a €580 million ($672 million) trial on Tuesday that it was "no small thing" to conclude the attack was carried out on Ukraine's behalf.

• Deutsche Bank Fined Over Apple Unit's Russia Payments

  By Eddie Beaver

  The London branch of Deutsche Bank AG has been fined £165,000 ($221,000) for processing two payment requests from an Apple subsidiary to a Russian app developer, the U.K.'s sanctions enforcer said Tuesday.

• Apple Beats Anti-Union Interference Claim In UK

  By Jamie Lennox

  Apple has proved that it did not unfairly interfere with a vote on whether to let a trade union negotiate on behalf of staff at one of its U.K. stores, convincing arbitrators that it didn't unfairly influence how its employees voted.

• Davis Polk Helps BioMar Shoot For $1.6B Copenhagen IPO

  By Najiyya Budaly

  Danish fish feed manufacturer BioMar Group AS said Tuesday that it is aiming for a valuation of 10.4 billion Danish kroner ($1.6 billion) in its initial public offering in Copenhagen. 

• Ultra Deal Signals SFO Will Revive Derailed DPA Talks

  By Christopher Crosby

  The Serious Fraud Office's bribery settlement with a British defense contractor underscores the agency's policy shift toward cutting deals in less than ideal circumstances, offering a blueprint on how to realign derailed negotiations, lawyers say.

• Nokia Can't Force Acer, Asus To Arbitrate Over Their SEPs

  By Jamie Lennox

  An appeals court told Nokia on Monday that it cannot compel Acer and Asus to arbitrate over cross-licenses for their own patents in upcoming arbitration over suitable licenses for the Finnish company's essential video-coding technology.

• Which Gets OK To Drop £480M Qualcomm Claim In CPO 1st

  By Joanne Faulkner

  Consumer group Which secured permission on Monday to withdraw its collective action against Qualcomm over the supply of chips without any money being paid to the 29 million class members, in a first decision of its kind by the Competition Appeal Tribunal.

• Commerzbank Urges Shareholders To Reject UniCredit Bid

  By Najiyya Budaly

  Germany's Commerzbank AG advised its shareholders on Monday to reject what it considers a lowball approach from UniCredit SpA in its latest move to fend off the Italian rival and continue as a standalone bank.

• Womble Bond Beats Negligence Case Over £126M Deal

  By William Janes

  Womble Bond Dickinson has beaten claims that it gave negligent advice which caused a £126 million ($169 million) apartment redevelopment deal to collapse, as a London court ruled on Monday that the firm's guidance was "reasonable and accurate."

• EY Pays £105M To Settle NMC Health Audit Negligence Claim

  By Eddie Beaver

  EY has paid £105.5 million ($141 million) to the administrators of NMC Health PLC after settling a £2 billion claim over its allegedly negligent auditing of the collapsed hospital operator and failure to spot major fraud by the health giant's shareholders.

• Latham Guides Anglo American On Up-To-$3.9B Coal Biz Sale

  By Najiyya Budaly

  Mining giant Anglo American said Monday that it will sell coal mines in Australia to a Britain-based miner for up to $3.875 billion in a move to simplify its business ahead of a $52 billion merger with Canada's Teck Resources.