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 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
Britian'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.
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May 05, 2026
Deutsche Bank AG and Pathward NA urged a New York federal court to dismiss a suit accusing them of improperly blacklisting a barter-based payment platform that the banks found was "transaction laundering" for companies selling gray-market pharmaceuticals, arguing that the suit's jurisdiction assertions are fatal to the claims.
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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 transactions 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.