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The Supreme Court in London will not revisit a decision by the Court of Appeal to allow Malaysia's finance ministry and the 1MDB fund to restart legal proceedings. (iStock)

Top UK Court Passes On $1.4B 1MDB Scandal Deal Review

Malaysia's government can proceed with efforts to upend a $1.4 billion settlement with a United Arab Emirates investment fund in connection with the 1MDB scandal after the U.K. Supreme Court announced on Thursday that it would not hear the case.

Top Stories

Top Court To Weigh Jersey's Reach For Criminal Asset Grab

The highest court for overseas British territories confirmed on Thursday that it will consider whether Jersey's courts can help confiscate an apartment owned by a former banker convicted of money laundering, in a major test of the offshore island's reach.

Liquidators Lose Appeal In $318M Siphoned Securities Case

An appeals court ruled on Thursday that a Saudi Arabian bank, Samba Financial Group, cannot be liable for compensation sought by a defunct lender because the ownership of shares changed when they were transferred overseas.

Vale Says It Was Victim Of Elaborate Fraud In Mining Deal

Brazilian mining giant Vale told the High Court on Wednesday that it is owed $1.2 billion in damages by an Israeli billionaire, who the company alleges fraudulently induced it into a corrupt iron ore deal in Guinea.

Law Body Sets Out Legal Framework For Driverless Cars

Owners of self-driving cars should not be personally liable for crashes caused when the vehicle is operating autonomously, according to proposals published Wednesday.

Kuwait Pension Fund Loses Appeal To Sue Swiss Banks In UK

Two Swiss banks succeeded on Wednesday in keeping bribery allegations brought by Kuwait's pension authority out of the English courts after appellate judges held that the claim was barred by jurisdictional clauses.

Autonomy Founder Loses Bid To Delay US Extradition Ruling

Mike Lynch lost the latest stage of his legal battle against extradition to America after a judge Wednesday refused the U.K. more time to decide whether to send the tech entrepreneur to stand trial in the U.S. on fraud charges.

Danish Tax Authority Looks To Revive $2B Cum-Ex Fraud Suit

Denmark urged an English appellate court on Tuesday to revive its £1.5 billion ($2 billion) dividend tax fraud case against British hedge fund trader Sanjay Shah and others, arguing it was wrongly thrown out as an inadmissible foreign revenue claim.

Investigator Returns After SFO Says He Wasn't ENRC Source

A two-year internal probe into a Serious Fraud Office investigator accused of leaking confidential information about Eurasian Natural Resources Corp. has found he did not disclose materials to the press, the agency said in a London court filing.

Eateries Fight For £6M COVID Payout From AXA At Trial

The owner of The Wolseley and other upmarket London restaurants urged the High Court on Tuesday to order insurer AXA to pay out the £6 million ($8.1 million) it claims it is owed under its business interruption policy to cover COVID-19 losses.

FCA To Target Firms Using Insolvency To Dodge Liabilities

The Financial Conduct Authority said on Tuesday that it plans to crack down on companies that place themselves in insolvency to limit the compensation that they pay to clients with complaints, after it has increasingly intervened in restructuring plans.

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