Top Stories

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  Crispin Odey Drops £79M FT Sexual Misconduct Libel Case

  By William Janes

  Crispin Odey has dropped his £79 million ($106 million) libel claim against the Financial Times over a series of...(read more)

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  K&L Gates Helps Hexagon Buy Baker Hughes Unit For $1.45B

  By Najiyya Budaly

  Industrial technology company Hexagon AB said Monday that it has agreed to buy a German industrial testing busin...(read more)

• Aviation Expert Faces Trial Over Iran Arms Deal

  By Sophia Dourou

  Two men worked with corrupt officials to arrange the illegal sale of arms and military equipment to war-torn countries in Africa and the Middle East, a prosecutor told the opening of a London trial Monday.

• Law Society Maps Limits On Non-Solicitors After Mazur Ruling

  By Eddie Beaver

  The Law Society said Monday that non-solicitors can carry out litigation tasks under supervision, provided an authorized lawyer remains responsible, issuing its first practical guidance after the Court of Appeal's landmark ruling in Mazur.

• 'Turn The Rights Act Into KPIs': Tips For In-House Counsel

  By Adele Redmond

  The Employment Rights Act raises the financial and reputational risk of violations of employment law. Here, Andre Wolff and Laura Lescott, lawyers for global technology firm Infosys and members of the Association of Corporate Counsel, talk about how in-house teams can make compliance with the legislation a commercial priority.

• BoE Unveils Alternative Bail-In Method For Bank Failures

  By Alex Davidson

  The Bank of England published guidance on Monday about how it will resolve bank failures with a new tool designed to assist bondholders, learning from the high-profile failures of Silicon Valley Bank UK and Credit Suisse.

• Partners Vote To Approve Perkins Coie–Ashurst Merger

  By Marialuisa Taddia

  Perkins Coie and Ashurst said on Monday that the partners at both their firms had voted "overwhelmingly" in favor of a merger, paving the way for a new transatlantic firm with revenue of around $2.8 billion.

• UK Calls For Feedback On $110B Paramount, Warner Deal

  By Najiyya Budaly

  Britain's antitrust authority called on interested parties on Monday to comment on whether Paramount Skydance's $110 billion deal to buy Warner Bros. Discovery has the potential to harm competition in any U.K. markets.

• COVID Insurance Claims Near Endgame As Deadline Looms

  By Joanne Faulkner

  An approaching deadline for new claims for COVID-19 business interruption has prompted a series of last-minute court filings, but lawyers say that any fresh disputes will be narrow and likely to focus on complex questions not resolved by earlier test cases.

• FCA Warns Asset Managers On Conflicts, Consumer Duty

  By Alex Davidson

  The Financial Conduct Authority has warned that some applicants for authorization as asset managers are failing to manage conflicts of interest or to demonstrate they adequately apply its Consumer Duty regime.

• Law Firm Can't Cut Fine Over Client Account AML Failures

  By Eddie Beaver

  A disciplinary tribunal has upheld a fine of £68,000 ($91,400) for anti-money laundering failures against a law firm that used its client bank account to move $23 million for a Russian customer, concluding that the penalty fell within the range of possible sanctions.

• Catastrophe Insurance Pool For Bloc Proposed By EU Bodies

  By Tom Fish

  The European Union should create a bloc-wide insurance pool and emergency lending backstop worth up to €65 billion ($76 billion) to protect households, businesses and governments from rising losses caused by natural disasters, two EU bodies have said.

• Slovenian Bank Makes Rival €566M Bid For Austria's Addiko

  By Najiyya Budaly

  Slovenian lender NLB Group has begun a bidding war for Addiko, an Austrian banking group, after proposing a €566 million ($663 million) takeover bid a day after a rival €449 million approach from Austria's Raiffeisen Bank.

• Crypto CEO Fights Extradition On Human Rights Grounds

  By Ronan Barnard

  The former chief executive of a crypto-asset company fought against extradition to the U.S. on fraud charges on Thursday, telling a London court that it would violate his human rights as he would be at an increased risk of suicide.