Financial Services UK

  • June 30, 2026

    Billionaire Appeals Abuse Of Process Ruling In $415M Suit

    Mexican billionaire Ricardo Salinas Pliego urged an appeals court Tuesday to overturn a ruling refusing him a quick win in his $415 million fraud claim, arguing that using a private intelligence agent to gain information from his opponent's lawyer did not amount to an abuse of process.

  • June 30, 2026

    Binance Hit With £150M Group Claim Over Illegal Derivatives

    Binance has been hit with a £150 million ($199 million) group action claim by investors who accuse the cryptocurrency trading platform of illegally selling them high-risk derivatives products, the investors' lawyers said Tuesday.

  • June 30, 2026

    Motor Finance Borrowers Win In Group Claim Appeal

    Thousands of motorists can pursue claims against car finance providers as a group, a London appellate court affirmed Tuesday, saying that it was not an "irrelevant waste of time" to try lead cases to determine common issues between them.

  • June 30, 2026

    BoE, FCA To Jointly Regulate Systemic Stablecoin Issuers

    The Bank of England and the Financial Conduct Authority set out proposals Tuesday on how they will jointly regulate systemic stablecoin issuers in the U.K.

  • July 07, 2026

    Cleary Boosts PE Team In Paris With Kirkland Hire

    Cleary said on Tuesday that it has hired a corporate partner at the Paris office of Kirkland in a move to boost the firm's capability in private equity transactions.

  • June 30, 2026

    Gov't Urged To Allow Pensions Wealth Use For Home Buying

    The government should consider reforms to allow Britons to use pension wealth to get on the property ladder, a consultancy said Tuesday, warning that those living in rented accommodation are more likely to face poverty in retirement.

  • June 30, 2026

    UK Finance Charter 'Boosts Gender Balance At 3 In 4 Firms'

    The government has helped drive a decade of progress in increasing female representation in senior leadership positions across the financial services sector, but achieving complete gender parity is still decades away, a review by HM Treasury indicated on Tuesday.

  • June 30, 2026

    Pension Compensation Fund's Illness Reforms Take Effect

    The U.K.'s pension compensation fund has rolled out changes that will mean that people suffering from a terminal illness receive benefits sooner.

  • June 29, 2026

    FCA Finalizes Landmark Crypto Regime, Cuts Capital Rules

    The Financial Conduct Authority has slashed potential capital requirements for issuing stablecoins in its landmark crypto-assets regime that was finalized Tuesday, the biggest expansion of its regulatory power in over a decade.

  • June 29, 2026

    Collyer Bristow Fights £73M Claim Over Advice On Settlement

    Collyer Bristow denies it cost a storage business £73.4 million ($97.3 million) by failing to explain that settling a swaps dispute with Barclays would block future claims against Clyde & Co. and others, telling a London court that its advice was sound.

  • June 29, 2026

    FCA's £7.5B Motor Finance Schemes Paused Amid Legal Row

    The U.K. finance regulator's £7.5 billion ($9.9 billion) redress schemes for motor finance customers will be partly suspended after the first hearing at a London tribunal Monday of a series of legal claims challenging them.

  • June 29, 2026

    Cleary, Debevoise Lead Sixth Street Monument Re Stake Buy

    U.S. investment firm Sixth Street said Monday that it will buy a majority stake in Monument Re to support the long-term growth of the reinsurer.

  • June 29, 2026

    Developer Loses Subsidy Appeal Over £140M Council Loans

    A property developer failed Monday to revive his case that an English council unlawfully subsidized a rival by approving £140 million ($185 million) in loans for the construction of two tower blocks without doing due diligence.

  • June 29, 2026

    Simpson Thacher Steers Bridgepoint On $1.4B Investor Buy

    Private investment company Bridgepoint Group PLC said Monday that it will buy Kayne Anderson, an alternative real estate investor, for $1.4 billion in a deal steered by Simpson Thacher and Kirkland.

  • July 03, 2026

    Weil Hires Senior Finance Pro From A&O Shearman In London

    Weil Gotshal & Manges LLP said Friday that it has boosted its team in London with the hire of a fund finance leader at A&O Shearman.

  • June 26, 2026

    Online Payment Biz Demands Release Of $12M In Held Funds

    Online payment company QuidPay urged a London judge Friday to order a digital bank to pay out funds worth more than $12 million withheld after suspending its accounts as a result of suspected fraudulent transactions, saying that it is facing "total destruction."

  • June 26, 2026

    Burnham Adviser Says He Should Steer Clear Of Wealth Tax

    Labour leadership contender Andy Burnham should not support wealth taxes, including a hike in the capital gains tax, because such measures don't raise a significant amount of money, one of his advisers said.

  • June 26, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Michelle Mone sued by PPE Medpro, Broadfield Law sued by the founders of an international aid company, and litigation funder Fortress bring a claim against Edwin Coe and businesses the law firm represented in a cartel claim.

  • June 26, 2026

    Tether Unit Can't Block Crypto Biz's JV Trade Secrets Claim

    A Tether company failed on Friday to block a crypto trading company from pursuing litigation in England accusing it of stealing the crypto business' trade secrets in a bitter dispute over a failed bitcoin mining joint venture.

  • June 26, 2026

    FCA Sets Out Expectations For Retail Customer Engagement

    The Financial Conduct Authority set out Friday its expectations on how stockbrokers, investment platforms and trading apps should engage with retail customers and enable them to vote.

  • June 26, 2026

    Pensions Body Calls For Auto Enrollment Increase To 12%

    An influential retirement savings trade group said the minimum pension contribution level under automatic enrollment should rise from 8% to 12% to address growing concerns that Britons are not saving enough.

  • July 03, 2026

    Sullivan & Worcester Adds 10-Lawyer VC Team In London

    Sullivan & Worcester LLP has recruited 10 lawyers from German technology-focused law firm YPOG GmbH & Co. KG to launch an emerging companies and venture capital practice in London.

  • June 26, 2026

    Trade Group Calls For Pension Tax Breaks Tied To Investment

    Members of pension plans should receive billions of pounds in government tax relief only if more of their retirement savings are invested in U.K. companies to revive economic growth, a trade group has said.

  • June 26, 2026

    FCA Eyes Conflict Curbs For London Investment Trusts

    The Financial Conduct Authority proposed rule changes Friday for investment trusts listed on the London Stock Exchange that would manage conflicts of interest when a substantial shareholder tries to become a director with a financial interest.

  • June 26, 2026

    Modi Must Pay Bank Of India $10.7M Over Loan Guarantee

    Jewelry magnate Nirav Modi has been ordered to repay the Bank of India $10.7 million for guaranteeing to cover loans to his diamond company after a court rejected his argument that the deal was unenforceable under Indian law.

Expert Analysis

  • EU Financial Regulation Trends Cos. Need To Watch In 2026

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    An ever-increasing number of initiatives on the European Union regulatory agenda, with simplification and consistent implementation being priorities, means financial services businesses with a footprint in the EU or seeking to establish one will face significant challenges and strategic opportunities, say lawyers at Taylor Wessing.

  • What To Expect From UK, EU Crypto Regime Changes In 2026

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    With 2025 marking the first operational year of the European Union’s Markets in Crypto-Assets Regulation and the U.K.’s rules reaching their final legislative form, the two jurisdictions are converging in focus, but structural design differences mean firms active in both markets will require dedicated documentation to ensure compliance, say lawyers at Morgan Lewis.

  • What Cos. Can Expect From CMA Consumer Protection Drive

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    The Competition and Markets Authority’s recently launched consumer protection drive targeting banned online sales practices focuses on supporting compliance rather than on enforcement, although firms should expect this to change once businesses have had time to adapt to the regulator's new regime, say lawyers at Baker Botts.

  • Preparing For UK's New Tax Fraud Whistleblower Program

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    With the U.K. government introducing a U.S.-style whistleblower incentive scheme to tackle high-value tax avoidance and evasion, companies should take proactive steps and establish clear protocols to mitigate the potential increase in tax investigations, say lawyers at Skadden.

  • Key Trends Shaping ESG And Sustainability Law In 2026

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    2025 saw a chaotic regulatory landscape and novel litigation around environmental, social and governance issues and sustainability — and 2026, while perhaps more predictable, will likely be no less challenging, with more lawsuits and a regulatory tug-of-war complicating compliance for global companies, say attorneys at Crowell.

  • Digital Regulation In EU And UK: The Enduring 2025 Themes

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    With EU and U.K. digital regulation becoming an operational reality in 2025 and no sign of slowing in 2026, organizations need to embed content moderation, cybersecurity and data access obligations into their compliance structures, although legislative divergences mean that multinational businesses must also consider parallel and sometimes conflicting expectations, say lawyers at Morrison & Foerster.

  • FCA Enforcement Trends In 2025 And Expectations For 2026

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    The Financial Conduct Authority’s clear intention in 2025 to conduct fewer, faster investigations and reinforce transparency is likely to continue in 2026, with a dual-pronged approach of targeted enforcement and assertive supervision to fight crime, support growth and help consumers as its priorities, say lawyers at WilmerHale.

  • Judicial AI Guidance Update Shows Caution Still Prevails

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    The judiciary’s recently updated guidance on the use of artificial intelligence warns judges and tribunal members about misinformation and white text manipulation, providing a reminder that AI tools cannot replace direct engagement with evidence and reflecting a broader concern about their application when handling confidential material, say lawyers at Hogan Lovells.

  • Freezing Orders Maintain Their Impact 50 Years On

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    Freezing orders, created in Mareva v. International Bulk Carriers 50 years ago, are now a fundamental part of English and Welsh law and a significant weapon in the litigator's armory, considered indispensable by practitioners seeking to obtain enforceable judgments and interlocutory relief on behalf of their clients, say lawyers at Trowers and Hamlins.

  • EU Businesses Face Uncertainty Amid Sustainability Reforms

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    The European Commission’s sustainability omnibus, due to be approved this month, has brought a year of regulatory upheaval for European businesses, and although the long-awaited scaled-back obligations will provide clarity, a balance between not overburdening reporting companies and the need for data to make sustainable investments must be found, say lawyers at Peters & Peters.

  • How Russia Sanctions Trajectory Is Affecting UK Legal Sector

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    The proliferation of U.K. and European Union sanctions targeting Russia has led to a vast increase in legislative provisions, and lawyers advising affected businesses should expect a complex and evolving legal landscape for the foreseeable future, says Rob Dalling at Jenner & Block.

  • Tracking Crypto-Asset Tax Rules In 2025 And Beyond

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    The past year has seen an increasing amount of regulation in the crypto-asset space, with a range of novel and complex taxation challenges for regulators, and taxpayers can expect a marked increase in HM Revenue & Customs' compliance activity in the year ahead, says Liam McKay at RPC.

  • Navigating Legal Privilege Issues When Using AI

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    The recent explosion in artificial intelligence has led to prompts and AI outputs that may be susceptible to disclosure in proceedings, and it is important to apply familiar principles to assess whether legal privilege may apply to these interactions, say lawyers at HSF.

  • A Look At Factors Affecting Ombudsman Complaint Trends

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    Lawyers at Womble Bond provide an analysis of the Financial Ombudsman Service's complaint trends in 2025, highlighting the impact of changes within the FOS and external factors on the financial sector's redress system.

  • What To Know About FCA's Short Selling Regime Proposals

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    Although the Financial Conduct Authority’s recent proposals for changes to the U.K. short selling regime do not materially alter the rules, targeted reforms designed to reduce the administrative burden placed on position holders will be welcomed by market participants, say lawyers at McDermott.

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