A U.K. appeals court's recent broad take on the protections legal privilege offers companies against demands from government prosecutors in a dispute over a Serious Fraud Office probe re-enshrines the confidentiality at the heart of the attorney-client relationship and offers comfort to multinationals facing cross-border investigations.
The last week has seen a London no dealing desk sue Merrill Lynch for breach of fiduciary duty, more competition claims against Visa and MasterCard and a German shipper bring a suit against Axa and other insurers.
The Financial Conduct Authority’s recent success in securing lengthy prison sentences for six boiler room scammers signals a step for the regulator in the direction of a wider range of criminal prosecutions using more creative investigations.
International law firm Cohen & Gresser LLP has enticed a former U.K. Serious Fraud Office prosecutor to join its white-collar defense group in its London offices.
Prime Minister Theresa May indicated on Friday that Britain’s chance of leaving the European Union without a trade deal had escalated, leaving banks and insurers facing legal uncertainty and the possibility of a cliff-edge Brexit.
Dominic Chappell, the former owner of defunct retailer BHS Ltd., risks an unlimited fine after he lost his appeal on Friday against his conviction and sentence on three charges of failing to cooperate with the U.K. pensions regulator.
An Illinois federal judge on Wednesday ruled that a Lloyd’s of London underwriter has no further duty to defend a policyholder facing 10 suits over its alleged practice of cutting up and selling donated cadavers, holding that all the suits constitute a single claim and the insurer has already paid out more than the $2 million per-claim limit.
The European Union’s highest court ruled Thursday that a dispute over a drastic change in exchange rates that increased two individuals’ monthly bank loan repayments can be reviewed by the Hungarian national courts, but only if the terms of the contract being assessed for unfairness are not subject to national laws.
The Financial Conduct Authority said Thursday that it has taken steps to bring claims management companies under tough accountability rules in order to protect consumers and strengthen the market by making senior individuals culpable for their conduct.
Britain's pensions regulator is facing questions over its support in 2014 for the creation of Kodak’s 11,000-member pension scheme, which is now heading toward a statutory compensation fund because of financial problems.
The number of employees saving into a workplace pension has jumped seven percent in a year as a result of the U.K.'s auto-enrollment duties, The Pensions Regulator said Thursday, as it reported that 84 percent of staff belong to a workplace retirement fund.
The former owner of defunct retail chain BHS Ltd. could face nearly £50,000 in costs if a court upholds his conviction for failing to cooperate with The Pensions Regulator, a spokesman for the watchdog told Law360 on Thursday.
The U.K.’s data regulator has announced plans to create a regulatory test site to help companies try out innovative business ideas without breaching Europe’s new information protection regime and risking tough penalties.
An insurance broker has been sentenced to two years in prison for making 31 fraudulent claims, including falsely stating that her daughter had suffered serious injuries during the Manchester Arena terror attack, City of London Police said.
Online retailer and financial services firm Shop Direct on Wednesday posted pre-tax losses of £24.7 million ($32.5 million) for the year to June 30, after it earmarked £128 million in compensation for missold payment protection insurance.
British lawmakers called on the government and City watchdogs on Wednesday to regulate the “wild west” market in crypto-assets to protect consumers while also positioning the U.K. as a global center for virtual currencies.
Britain’s data regulator has refused to be drawn on whether businesses can insure themselves against the huge fines that can be levied under Europe’s new information protection regime, as it urges companies to invest in compliance rather than worrying about penalties.
The Financial Conduct Authority said Wednesday that it has ended its investigation into whether Prudential PLC and three other life insurers treated loyal customers unfairly, despite finding "some issues" at all four, and has decided not to take enforcement action.
London’s High Court has ordered Australian law firm Slater & Gordon LLP to pay further security to Watchstone Group in its £637 million ($838 million) claim accusing the insurance and technology provider of fraudulent misrepresentation over the law firm’s disastrous deal to acquire a division of the company.
Marsh & McLennan Cos. on Tuesday said it has agreed to buy London-based insurer Jardine Lloyd Thompson in a deal with a $6.4 billion enterprise value steered by Slaughter and May, Wachtell Lipton Rosen & Katz and Clifford Chance LLP.
The insurance industry raised "deep concern" on Tuesday about European Commission plans to standardize the claims histories of motor insurance policyholders, saying the reforms risk breaching national data protection rules.
Law360 speaks to Jeffrey Golden, joint-head of 3 Hare Court Chambers, and ex-Delaware Supreme Court justice Randy Holland about the importance of building contacts in different jurisdictions, how 3 Hare Court has been breaking new ground and building up a strong global practice, and which key trends they’re keeping an eye on within the legal industry.
With Britain less than a year from exiting the European Union, firms on Law360’s Global 20 have begun pushing deeper into the countries remaining in the bloc, adding offices and industry specialists in a shift that could rebalance how BigLaw works in the region.
Newly proposed U.K. rules and the amended regime for the Committee on Foreign Investment in the United States will radically change how the two governments review sensitive transactions, which will affect the likelihood of deal clearance, deal timing and the drafting of appropriate contractual provisions, say Robert Bell and Jennifer Mammen of Bryan Cave Leighton Paisner LLP.
Several European countries have recently incorporated the "right to disconnect" from work into their domestic legislation. Currently, there is no equivalent law in the U.K., but as stress levels continue to rise, it is likely that U.K. legislators will follow suit, says Sarah King of Excello Law.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Melanie Green, chief client development officer at Faegre Baker Daniels LLP.
The recently issued National Security and Investment White Paper proposes a significant expansion in the U.K. government's powers to scrutinize foreign investments. If the proposals are brought into force, the U.K. regime will be one of the most stringent in the world, say Douglas Lahnborg and Matthew Rose of Orrick Herrington & Sutcliffe LLP.
After almost a year and a half of uncertainty, the U.K. Court of Appeal has restored the eminently sensible position that documents created in an internal investigation are capable of being covered by litigation privilege when a criminal investigation or prosecution is in prospect, say Simon Airey and Joshua Domb of Paul Hastings LLP.
Recent changes to the U.K. Corporate Governance Code should reassure investors that companies with a premium listing on the London Stock Exchange are committed to being standard-bearers. Issuers may also benefit from the workforce engagement, corporate culture and diversity changes that will be brought into businesses, say Joseph Ferraro and Jennifer Tait of Willkie Farr & Gallagher LLP.
In this new series featuring law school luminaries, Widener University Delaware Law School dean Rodney Smolla discusses teaching philosophies, his interest in First Amendment law, and arguing before the U.S. Supreme Court in Virginia v. Black.
In both the U.K. and abroad, the discounted cash flow methodology is often considered the "go to" valuation approach when conducting a damages assessment. However, DCF is not always appropriate and damages experts should know when to use the option analysis methodology instead, says Ronnie Barnes of Cornerstone Research Inc.
The United Kingdom has taken the unusual step of introducing significant retrospective powers that could unravel acquisitions and transactions from decades ago. The government's intentions are laudable, but its new "unexplained wealth orders" cast doubts on the U.K.'s appetite for foreign investment and may hurt national interests, says Simon Bushell of Signature Litigation LLP.
Once considered the “cliff edge,” the possibility of the United Kingdom exiting from the European Union without agreeing on a trade deal has moved from unthinkable to increasingly likely. Both sides are ramping up preparations for a no-deal scenario, which would have significant implications for businesses in all sectors, say attorneys with Baker McKenzie LLP.