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 08, 2026
An energy payments company has largely beaten a competitor's £172 million ($234 million) claim at an antitrust tribunal after a panel found that exclusivity terms in its contracts hampered the smaller rival's entry into the market only "to a limited extent."
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May 08, 2026
The Financial Conduct Authority said Friday that it will withdraw some timetabled requirements for lenders under its £7.5 billion ($9.9 billion) motor finance compensation program because they might need to change their plans after several legal challenges.
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May 08, 2026
Research published by Britain's retirement savings watchdog shows that "scale is not a panacea" for good saver outcomes, Lane Clark & Peacock said Friday, amid a wider push for consolidation in the market.
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May 08, 2026
The past week in London has seen Morrisons sued by a former logistics partner, EDF and Cripps LLP face a claim brought by a family estate near Hinkley Point C and a former BBC broadcaster file a defamation claim against a Welsh news site over articles linking her to Russian state media and conspiracy theories. Here, Law360 looks at these and other new claims in the U.K.
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May 08, 2026
A trade body for European fund managers warned lawmakers Friday against large-scale changes to the Shareholders' Rights Directive that would obstruct investors' existing rights.
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May 08, 2026
The Pensions Management Institute and Schroders have said they will investigate how governance of investment in defined benefit retirement plans is changing in real time, amid record funding positions for pensions in Britain.
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May 08, 2026
Commerzbank AG published plans on Friday to boost future profitability as the German lender builds defenses against a takeover bid from Italy's UniCredit SpA, which it described as vague and fraught with "considerable execution risks."
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May 07, 2026
Open Banking Ltd. said Thursday that it has appointed a former general counsel at the Financial Conduct Authority as an independent non-executive director to its board.
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May 07, 2026
The Iran war could cost the U.K. government up to £8 billion ($10.9 billion) a year through lost tax revenue and higher debt interest payments, a progressive think tank warned Thursday.
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May 07, 2026
Policymakers should bring together a representative group of citizens to form a range of ideas and proposals to help Britain avoid its looming pensions crisis, a cross-industry group has said in a report.
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May 07, 2026
The Financial Conduct Authority set out new guidance on Thursday on tough rules that have come into force requiring payment and electronic money institutions to safeguard customer money better.
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May 07, 2026
Schroders Capital Global Innovation Trust PLC said on Thursday that it has launched a share buyback worth up to £20 million ($27 million), minus costs, to reward shareholders as part of its ongoing managed wind-down.
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May 07, 2026
Lion Finance Group PLC said Thursday that it will soon launch a share buyback program worth up to 55 million Georgian lari ($20.5 million) to lower its share capital.
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May 07, 2026
Aberdeen Investments said Thursday that it has agreed to a deal with activist investor Saba Capital Management to manage Herald Investment Trust PLC, as part of a compromise to secure the trust's long-term future.
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May 07, 2026
UniCredit SpA said Thursday that it will take a hit of up to €3.3 billion ($3.9 billion) on its profits to sell part of its Russian subsidiary to an investor in the United Arab Emirates as the Italian lender moves to distance itself from sanctioned clients.
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May 06, 2026
A financier based in Greece defrauded Mexican billionaire Ricardo Salinas Pliego out of $450 million, misappropriating stock that the telecommunications baron used to secure a loan after lying about his bona fides, New York federal prosecutors have alleged.
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May 06, 2026
Liquidators for Saad Investments have launched a professional negligence claim against Morrison Foerster LLP and a senior barrister, who represented the defunct lender in a failed fight for compensation for shares worth $318 million.
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May 06, 2026
Winros Partnership, formerly known as Rosenblatt Solicitors, told an appeals court Wednesday that a venture capital firm should pay its £6 million ($8.2 million) bill, arguing it should be allowed to claim the reasonable value of its services.
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May 06, 2026
Retirement savings adviser Isio said Wednesday it will acquire London-based financial technology business Collidr for an undisclosed sum, pending clearance from the Financial Conduct Authority.
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May 06, 2026
Britain's pensions arbitration body has said it will expand its frontline casework teams by a fifth this financial year after improved performance results led to additional government funding.
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May 06, 2026
A trade body for financial institutions in Europe has warned lawmakers that European Union-wide rules on shareholders' rights fail to provide a single definition of shareholders, which could leave some deprived of their rights.
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May 06, 2026
The Financial Conduct Authority said Wednesday that it has launched an antitrust investigation into U.S. payment companies PayPal Holdings Inc., Visa Inc. and Mastercard Inc. linked to the funding and usage of PayPal's digital wallet.
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May 06, 2026
Businesses that offload pension liabilities to an insurance company often see a significant boost to their share prices, according to an analysis released by a broker on Wednesday.
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May 06, 2026
The U.K. retirement watchdog said Wednesday that pension bosses must now focus on their endgame plans, as it revealed that nine in 10 workplace benefit plans are now fully funded.
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May 06, 2026
The Financial Conduct Authority said Wednesday that it is launching a review of the claims management market, following concerns that some companies and law firms are failing consumers.