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Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.
Although the Serious Fraud Office's settlement with ENRC closes an uncomfortable chapter that the agency insists cannot recur, lawyers say its real test is whether it can stop the weaknesses exposed by the scandal from returning again.
Financial Conduct Authority rules on non-financial misconduct, which take effect on Tuesday, could unfairly jeopardize careers as 37,000 non-banking finance businesses face a double whammy of wider enforcement risk and excessive caution showing through in hiring decisions and references, lawyers warned.
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The U.K.'s top appeal courts have handed down a series of significant judgments in 2026, reshaping the tax treatment of members of LLPs, the management of mass consumer claims and the rules governing who can conduct litigation.
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Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.
Although the Serious Fraud Office's settlement with ENRC closes an uncomfortable chapter that the agency insists cannot recur, lawyers say its real test is whether it can stop the weaknesses exposed by the scandal from returning again.
Financial Conduct Authority rules on non-financial misconduct, which take effect on Tuesday, could unfairly jeopardize careers as 37,000 non-banking finance businesses face a double whammy of wider enforcement risk and excessive caution showing through in hiring decisions and references, lawyers warned.
The U.K.'s top appeal courts have handed down a series of significant judgments in 2026, reshaping the tax treatment of members of LLPs, the management of mass consumer claims and the rules governing who can conduct litigation.
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September 08, 2026
The U.K. arm of an international genome sequencing company has paid a record £7.4 million ($10 million) for breaching export controls after it admitted to supplying sanctioned goods to Russia, HM Revenue & Customs said Tuesday.
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September 08, 2026
The U.K.'s competition regulator said Tuesday it is exploring whether Ministry of Defense procurement data could help tackle bid-rigging in defense supply chains, as it urged the government to make more procurement data available to tackle suspected cartels.
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September 08, 2026
One of Russia's richest men won a fight over disclosure of documents Tuesday, in litigation involving the alleged defrauding and mismanagement of a nickel miner, when a London judge found that Russian law required personal data in disclosed documents to be redacted.
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September 08, 2026
The Financial Conduct Authority has warned that financial firms have gaps in identifying shared risks and dependencies that could leave the sector exposed to rising geopolitical and defense threats.
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September 08, 2026
A City law firm urged an appeals court Tuesday to overturn a ruling that it dishonestly assisted a £7 million ($9.5 million) fraud, warning that the decision risks turning negligent legal work into dishonesty.
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September 08, 2026
The Financial Conduct Authority has said that it has canceled a financial services company's registration for anti-money laundering purposes after it ignored the regulator's "numerous attempts" to obtain information.
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September 07, 2026
A former facilities management director has denied exploiting sensitive financial information in an effort to poach clients for a competitor, arguing that the business has failed to demonstrate it lost money as a result.
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September 07, 2026
Three entities linked to the Awas aircraft leasing group have settled part of their more than £85 million ($115 million) lawsuit with two Lloyd's of London insurance syndicates over payments linked to planes stranded in Russia after the country's invasion of Ukraine in 2022.
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September 07, 2026
The Financial Conduct Authority will meet with creditors that have called on the regulator to investigate Barclays Bank and its conduct in connection with the collapse of Market Financial Solutions Ltd., a person familiar with the matter told Law360 Monday.
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September 07, 2026
Deutsche Bank AG said Monday that it has settled a €152 million ($176 million) claim that a former employee had brought against it in Frankfurt over his wrongful conviction linked to an Italian banking scandal.
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September 07, 2026
Two former insurance brokerage directors urged a tribunal on Monday to overturn a decision to ban them from working in financial services, arguing that the regulator had been wrong to rely on judicial findings they had engaged in fraud over the sale of their brokerage.
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September 07, 2026
City of London Police has said its first Report Fraud annual assessment, produced for the 2026 financial year, showed a 395% rise in the use of artificial intelligence behind scams, most often in investment fraud.
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September 07, 2026
A criminal defense barrister was sent to prison on Monday for encouraging a client to "kick the fuck out of" a rival gang member in revenge over a gun attack.
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September 04, 2026
An employee at a global payments platform who claimed she was fired for blowing the whistle on improper practices, including misleading HM Revenue and Customs, had indeed made a number of protected disclosures, a tribunal ruled Friday.
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September 04, 2026
A Dubai-based company has won proceeds from the $200 million liquidation of Russian gold miner Petropavlovsk PLC when a London judge ruled Friday this would not breach sanctions legislation.
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September 04, 2026
A London court has sentenced a man to 4.5 years in prison after he fraudulently claimed more than £300,000 ($405,700) in a string of fake travel medical claims, a division of City of London Police said Friday.
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September 04, 2026
The Financial Conduct Authority proposed Friday to defer some rules for its new crypto regime to prevent disruptions to crypto-assets that are already available to retail investors.
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September 04, 2026
Barclays failed Friday to strike out a £37.8 million ($51 million) claim by the liquidators of Denaro (UK) Ltd., which alleges that the bank failed to protect it from payments linked to a Ponzi scheme run by Denaro's directors.
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September 04, 2026
The past week in London has seen institutional investors file new claims against British American Tobacco and Entain, Jellycat sue multiple British retailers in the patent court, and Shoosmiths LLP targeted in a claim by a property developer.
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September 04, 2026
The founders of production company Pulse Films, now owned by Vice Media, have failed to force former Vice executives to disclose documents about the media giant's financial troubles ahead of a potential $20 million fraud claim.
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September 04, 2026
A tribunal has awarded £27,100 ($36,700) to a security guard at a 16th-century manor in southern England who stopped receiving his wages when the U.K. government froze the assets of the property's Russian owner.
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September 03, 2026
The Financial Conduct Authority said Thursday that it has provisionally fined and banned an adviser from working in financial services for "recklessly" giving unauthorized pension transfer advice to dozens of clients.
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September 03, 2026
Betting giant Entain has been hit with another claim by institutional investors after paying £615 million ($833 million) to settle an investigation into its alleged failure to prevent bribery by its operations in Turkey.
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September 03, 2026
The business secretary warned U.K. employers on Thursday that underpaying staff "isn't a shortcut to success" as the new Fair Work Agency fines a growing number of organizations for failing to pay staff the minimum wage.
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September 03, 2026
A group of investors has sued British American Tobacco, adding to two separate group claims the cigarette company is facing after it failed to disclose information about its North Korean activities, resulting in it paying hundreds of millions of dollars in penalties.