New legislation laid out in the King's Speech on Wednesday included the government's plans for a bill to strengthen trading ties with the European Union alongside an Enhancing Financial Services Bill in the next 12 months, but lawyers warn that the scope remains limited with potential unexpected consequences.
New powers that put companies on the chopping block for crimes committed by their executives dramatically expand corporate liability to include a wider array of offenses, which businesses already struggling with "compliance fatigue" have barely begun to grapple with, lawyers say.
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.
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New legislation laid out in the King's Speech on Wednesday included the government's plans for a bill to strengthen trading ties with the European Union alongside an Enhancing Financial Services Bill in the next 12 months, but lawyers warn that the scope remains limited with potential unexpected consequences.
New powers that put companies on the chopping block for crimes committed by their executives dramatically expand corporate liability to include a wider array of offenses, which businesses already struggling with "compliance fatigue" have barely begun to grapple with, lawyers say.
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.
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May 27, 2026
Mashreq, a former major lender to the collapsed private equity giant Abraaj Group, has sued three Abraaj entities after a London court upheld the bank's claim to a disputed $37 million debt assigned as security for a 2017 loan extension.
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May 27, 2026
A real estate management company has accused a rival of infringing its "Praxis" trademark, telling a London court that unhappy apartment block residents were confused by the brands and had written negative online reviews against the wrong company about rats and damp.
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May 27, 2026
The total value of pension surpluses released under new reforms could be much lower than the £160 billion ($215 billion) figure originally touted by the government, a think tank said Wednesday.
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May 27, 2026
The Financial Conduct Authority warned Wednesday that some companies are failing in their responsibilities by approving adverts that are released by non-FCA regulated businesses.
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May 27, 2026
Insurance giant Royal London said Wednesday that it has picked up £42 million ($56.5 million) in pension liabilities from jeweler F.Hinds, in a deal advised by Addleshaw Goddard LLP and Mayer Brown LLP.
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May 27, 2026
The Association for Financial Markets in Europe has warned that rules proposed by the EU's banking watchdog must not lead to national regulators finding senior managers unsuitable because of anti-money laundering failings at company level.
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May 27, 2026
HSB UK & Ireland has completed a £36 million ($48.4 million) full-scheme buy-in transaction, securing the retirement benefits of 319 members of the insurance provider's program, Canada Life said Wednesday.
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May 27, 2026
A Saudi investor has sued an Irish consumer loan and microfinancing company over an unpaid $5 million convertible loan.
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May 27, 2026
Scandinavian Airlines has completed a pension buy-in transaction worth £61.8 million ($831 million) for a staff retirement savings plan, securing the benefits of 708 members, Just Group PLC said Wednesday.
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May 26, 2026
Revolut has hit back at a tech marketing company's claim against it over transactions made by someone impersonating the online finance company's fraud team, saying that the company had negligently failed to keep its account secure.
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May 26, 2026
A proxy advisory company has urged investors in Metro Bank to vote down aspects of the lender's pay report, including a sizable top executive bonus program that is "significantly out of line with market standards."
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May 26, 2026
A global exchange association set out rules on Tuesday for how stock exchanges should classify listed companies in the transition toward a green economy.
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May 26, 2026
The government announced a new round of sanctions on Tuesday, aimed at stopping Russia from using cryptocurrency networks and foreign financial systems to evade financial and trade restrictions imposed as a result of the Ukraine war.
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May 26, 2026
Britain's accounting watchdog has published finalized guidance for how pension plans should comply with the findings of a landmark court judgment.
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May 26, 2026
A Turkish aircraft lessor has sued a property finance company after it allegedly refused to hand over a $27.7 million private jet, this after the arrest of the lessor's former chairman over a football gambling probe delayed payment for the plane.
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May 26, 2026
A tribunal has ruled that HSBC must face a claim that it discriminated against a former employee during her menopause by disciplining her for working from home when she was experiencing migraines.
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May 26, 2026
Plans by the Financial Conduct Authority to allow businesses in the sector to give more simplified advice to consumers on pensions and investments are a positive step but "don't go far enough," a trade body has said.
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May 22, 2026
A Labour member of the U.K. Parliament vying to succeed Prime Minister Keir Starmer has said he will work to implement a "wealth tax that works" by equalizing capital gains tax and income tax rates if he wins a future leadership contest.
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May 22, 2026
Mercuria Energy Group secured an expedited October trial on Friday in its claim against Baltic Exchange for allegedly failing to factor the essential closing of the Strait of Hormuz into an oil trading benchmark, after Mercuria argued it would affect the entire market.
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May 22, 2026
The former owners of PrivatBank failed on Friday to overturn a finding that they owe the Ukrainian lender $3 billion, as an appeals court rejected their argument that its acceptance of a later repayment "extinguished" the loss resulting from their fraudulent loan recycling scheme.
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May 22, 2026
Administrators of a company linked to Market Financial Solutions have sued Paresh Raja, the collapsed lender's owner, in a London court for alleged breach of fiduciary duty — the latest in growing litigation surrounding the mortgage scandal.
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May 22, 2026
The past week in London has seen Napster sued by a music royalties company, White & Case LLP and Laytons LLP targeted in a claim by a property developer, a short-term lender pursue legal action against law firm Rainer Hughes and its former founding partner following his strike-off for money laundering offenses, and the administrators of London Bridging sue the founder of collapsed Market Financial Solutions. Here, Law360 looks at these and other new claims in the U.K.
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May 22, 2026
An e-commerce platform has settled its claim against a Canadian financial technology company that allegedly wrongly withheld a total of €1.3 million ($1.5 million) and 20.9 million Japanese yen ($130,000) owed from customer purchases.
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May 22, 2026
Bulk purchase insurers held nearly two-thirds of their total assets of more than £200 billion ($268 billion) within the U.K. in 2024, a trade body has said.
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May 22, 2026
New regulations that will reshape Britain's local government pensions investments will come into force in June, as a minister said the reforms will improve retirement returns for millions of council workers and unlock more cash for economic investment.