Legal challenges to the Financial Conduct Authority's motor finance redress scheme fired off this week to the Upper Tribunal will lead to long delays, with some legal experts already doubting whether the cases can be argued successfully.
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A recent court ruling that expands legal advice privilege to cover some internal corporate communications gives companies greater scope for withholding sensitive material but is likely to prompt challenges over whether those documents meet the test for protection, lawyers say.
The European Union has a plan for a blocwide secondary trading platform for private companies to prevent them from slipping away to the deeper capital pools available in the U.S., although the proposal might be hindered by jurisdictional barriers.
Banks and vehicle financing companies are expected to mount legal challenges to the Financial Conduct Authority's £7.5 billion ($9.9 billion) motor finance compensation program, threatening to capsize the plan and probably delay its implementation for months.
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Legal challenges to the Financial Conduct Authority's motor finance redress scheme fired off this week to the Upper Tribunal will lead to long delays, with some legal experts already doubting whether the cases can be argued successfully.
A recent court ruling that expands legal advice privilege to cover some internal corporate communications gives companies greater scope for withholding sensitive material but is likely to prompt challenges over whether those documents meet the test for protection, lawyers say.
The European Union has a plan for a blocwide secondary trading platform for private companies to prevent them from slipping away to the deeper capital pools available in the U.S., although the proposal might be hindered by jurisdictional barriers.
Banks and vehicle financing companies are expected to mount legal challenges to the Financial Conduct Authority's £7.5 billion ($9.9 billion) motor finance compensation program, threatening to capsize the plan and probably delay its implementation for months.
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May 05, 2026
HSBC Holdings PLC said Tuesday that its expected credit losses for the first quarter of 2026 were $400 million higher compared to a year ago, driven by a fraud-related exposure tied to a U.K. financial sponsor in its corporate and institutional banking division.
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May 05, 2026
The owner of fashion brand AllSaints urged a London judge Tuesday to block the company's former chair from issuing new claims linked to his dispute about a 2011 agreement to sell his shares in the chain.
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May 05, 2026
The Financial Conduct Authority told a tribunal on Tuesday that banned hedge fund manager Crispin Odey created a "false reality" that he was the victim amid disciplinary proceedings linked to allegations of sexual misconduct against staff.
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May 05, 2026
Anthropic has launched a global services company with Blackstone, Goldman Sachs and Hellman & Friedman to help banks and other businesses including in the U.K. invest in an artificial intelligence technology that Anthropic says has identified widespread cyber vulnerabilities.
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May 05, 2026
Insurance broker WTW said Tuesday it has completed its acquisition of Cushon, a workplace pension and savings provider, from NatWest Group after getting the thumbs-up from the Financial Conduct Authority.
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May 05, 2026
Arc Pensions Law said Tuesday it has hired lawyer Matthew Swynnerton, a partner at DLA Piper and the chair of the Association of Pension Lawyers.
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May 05, 2026
The European Union financial markets watchdog has launched proposals to simplify reporting on funds and broader transaction by slashing the regulatory burden on both businesses and national regulators.
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May 05, 2026
Bakkavor Foods Ltd. has completed a £160 million ($217 million) full scheme buy-in with its pension program, securing the retirement benefits of the plan's 2,216 members, U.K. pensions insurer Rothesay said Tuesday.
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May 02, 2026
Mercuria is suing the Baltic Exchange in London over losses it said are linked to an allegedly distorted key shipping benchmark that failed to reflect the effective closure of the Strait of Hormuz, marking the first major litigation in the U.K. to arise from the U.S.-Israeli war with Iran.
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May 01, 2026
Barclays said Friday that it has hired a new general counsel who brings expertise as former vice chair and chair of WilmerHale's financial services department, along with years of financial and regulatory experience as a director at the U.S. Securities and Exchange Commission.
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May 01, 2026
The U.K. raises more revenue from taxes on wealth than any other country in the Organization for Economic Cooperation and Development, and implementing a wealth tax wouldn't generate as much money as existing levies, a think tank said in a report published Friday.
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May 01, 2026
The past week in London has seen a Swiss energy trader bring a Financial List claim against shipping benchmarking company Baltic Exchange, law firm Slater and Gordon sued by a former client, Slack and Salesforce hit Microsoft with an antitrust claim, and Stephen Fry bring a personal injury claim after he broke bones falling off a stage. Here, Law360 looks at these and other new claims in the U.K.
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May 01, 2026
A lender has won a £578,000 ($787,000) claim against its former solicitors after a London court found that the law firm failed to properly check and explain risks tied to a loan secured against two London pubs.
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May 01, 2026
Insurers could be forced to hike prices for bulk purchase annuity deals as a result of a crackdown by regulators on risky forms of offshore reinsurance, analysts said Friday.
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May 01, 2026
The government must ditch the triple lock and radically reform the wider state pension system, a think tank said Friday.
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May 01, 2026
Johnson Matthey defeated on Friday a claim that it acted fraudulently in the £325 million ($444 million) sale of one of its pharmaceutical businesses, despite a finding by a London court that the chemicals business had failed to disclose to the buyer significant details about the transaction.
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May 01, 2026
Britain's financial regulator has approved Swedish investor Verdane Fund Manager AB's £185.7 million ($253 million) acquisition of Augmentum Fintech, the venture capital trust said Friday.
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May 01, 2026
The Financial Conduct Authority said on Friday that it will mount a robust defense of its £7.5 billion ($10.2 billion) motor finance redress scheme against four legal challenges so far from lenders and a consumer group.
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May 01, 2026
Banco Santander SA said Friday it has finalized its £2.86 billion ($3.9 billion) acquisition of TSB from Banco de Sabadell, in one of the biggest deals in Britain's banking sector in years.
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April 30, 2026
The Financial Reporting Council published its final revision on Thursday to incoming auditing standards for assessing the risk of fraud and a company's ability to keep operating in the foreseeable future, highlighting a demand for greater transparency in audit reporting.
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April 30, 2026
The financial services watchdog hit a former mortgage broker with criminal charges on Thursday over allegations that he was arranging mortgage contracts after being banned.
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April 30, 2026
SoftBank Robotics UK has accused two former directors of a firm it co-owned of inflating earnings to trick it into buying their shares, hitting back at their £8 million ($11 million) claim that it wrongly forced them out.
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April 30, 2026
Schroders Capital has said one of its investment vehicles has committed more than £100 million ($135.2 million) of pension capital and government-backed money to a range of British technology and artificial intelligence startups.
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April 30, 2026
Imprisoned oligarch Ziyavudin Magomedov can't revive his $14 billion claim that he was the victim of a Russian state-led conspiracy to strip his assets in two major port operators, after an appeals court rejected his latest challenge on Thursday.
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April 30, 2026
The government has said it will introduce reforms to allow existing capital market structures to be used for the U.K.'s planned new captive insurance regime.