Top Stories

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  ENRC Seeks $290M As Final SFO Damages Trial Opens

  By Christopher Crosby

  The 13-year legal battle between the Serious Fraud Office and Eurasian Natural Resources Corp. could be headed f...(read more)

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  Taylor Wessing's German Arm Seeks UK Tie-Up Deals

  By Marialuisa Taddia

  The German arm of Taylor Wessing is looking to expand in Europe by bringing law firms in other jurisdictions — i...(read more)

• UniCredit Presses Commerzbank Deal With Overhaul Pitch

  By Najiyya Budaly

  UniCredit SpA unveiled plans on Monday to combine its German subsidiary with Commerzbank AG as it set out a transformation program that it said would increase its target's net income by €600 million ($706 million) in 2028.

• Head Of Employment Tribunals Calls For More Video Hearings

  By Adele Redmond

  More remote hearings are a "needs must" to cope with a surge in claims from workers and difficulties in recruiting judges to work in London, the president of the Employment Tribunals has said.

• Ineos Sues Ben Ainslie's America's Cup Team For £180M Boat

  By Sophia Dourou

  The racing team owned by Ineos, billionaire Jim Ratcliffe's chemical company, has sued British competitive sailor Ben Ainslie's America's Cup team, seeking the return of a £180 million ($244 million) vessel previously used in the sailing competition.

• Ex-Goldman Banker Must Pay Back £400K Legal Aid Funding

  By William Janes

  A former Goldman Sachs banker must repay almost £400,000 ($534,000) in legal aid funding after being sentenced for contempt of court, an appeals court ruled on Friday as it rejected his case that the recovery regime caused inconsistent results.

• Richard Desmond Loses £1.3B UK Lottery License Fight

  By Ronan Barnard

  A group owned by former media magnate Richard Desmond said Friday it would appeal the loss of its £1.3 billion ($1.7 billion) claim against the gambling regulator after a judge ruled that the watchdog's process of awarding the National Lottery license was lawful.

• Uber To Buy Delivery Hero Stake From Prosus For €270M

  By Dawood Fakhir

  Prosus said Friday that it has agreed to sell a stake in Delivery Hero to Uber for approximately €270 million ($319 million) to satisfy a regulatory condition to complete its €4.1 billion acquisition of Just Eat Takeaway.com.

• French Telecoms Giants In Talks To Buy SFR For €20.4B

  By Najiyya Budaly

  French telecoms groups Bouygues Telecom, Orange and Iliad said Friday that they have entered into exclusive talks to buy SFR from Altice Group for €20.35 billion ($24 billion) in a move that would help to consolidate the sector in Europe.

• £382M Fish Cartel Class Action Refused Over Class Rep Fees

  By William Janes

  A U.K. tribunal has refused permission for a £382 million ($517 million) class action alleging that fish producers artificially inflated salmon prices, concluding the class representative's £300 hourly fee suggested "a motivation beyond pursuing the interests of the class."

• Ex-Leigh Day Pro Struck Off For Faking Letter To Hide Error

  By Sophia Dourou

  A former Leigh Day lawyer who tried to cover up missing a disclosure deadline by claiming he had written and sent a disclosure letter when he had not was struck off by the profession's disciplinary tribunal Thursday.

• 9 Universities To Sue Gov't Over Student Loan Clawback

  By Eddie Beaver

  Nine universities revealed Thursday that they plan to bring legal action challenging the Department for Education and the Student Loans Company over the withdrawal of maintenance funding that affects approximately 22,000 students enrolled in weekend courses.

• Nord Stream Insurers Say War Exclusions Bar €580M Claim

  By Joanne Faulkner

  Insurers of gas pipelines hit by explosions in 2022 said at the start of their trial on Thursday that exclusions in their policies prevent damages payouts of up to €580 million ($682 million) because the blasts were linked to the Russia-Ukraine war.

• FCA Unveils New Short Selling Rules To Cut Red Tape

  By Alex Davidson

  The Financial Conduct Authority set out on Thursday its new U.K. short selling regime, which will greatly reduce reporting requirements and clarify when the regulator can use its emergency powers to stop short selling.