HSBC Bank PLC told a London court on Tuesday that two members of the Barclay Family have owed it £140 million ($192 million) since April 2024 and that the brothers are now seeking to adjourn bankruptcy petitions "on very vague terms."
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WEDNESDAY, FEBRUARY 4, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

HSBC Claims Barclay Bros Stalling Petition Over £140M Debt

By Eddie Beaver

HSBC Bank PLC told a London court on Tuesday that two members of the Barclay Family have owed it £140 million ($192 million) since April 2024 and that the brothers are now seeking to adjourn bankruptcy petitions "on very vague terms."

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HMRC Disputes Danish Wind Farm's Tax Relief At Top Court

By Sophia Dourou

Britain's tax authority told the U.K. Supreme Court on Tuesday that a Danish wind farm company can't claim tax relief on pre-development costs for building wind farms, because the costs are too remote from the actual provision of plants and machinery.

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Banque Havilland Gets Fine Over Qatar Currency Cut To £4M

By Alex Davidson

A tribunal upheld on Tuesday the Financial Conduct Authority's finding that Banque Havilland, now Rangecourt SA, acted without integrity to harm Qatar's currency, but trimmed the regulator's fine of the bank from £10 million ($13.7 million) to £4 million.

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Tesco Argues Judge Wrong To Park Equal Pay Job Analysis

By Adele Redmond

Retail giant Tesco Stores Ltd. fought Tuesday to overturn a ruling it says wrongly restricts its ability to challenge a long-running equal pay claim brought by more than 50,000 female shop workers.

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COMPETITION

Hoka Sneaker Maker Fights To Quash Price Fixing Ruling

By William Janes

The maker of Hoka running shoes on Tuesday asked a London appeals court to overturn a ruling that it engaged in indirect price fixing by blocking a British retailer from selling through an online discount store.

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SECURITIES & BANKING

Visa Accuses Eyeware Biz Of Breaching Swipe Fee Settlement

By Joanne Faulkner

Visa said at the start of a London trial on Tuesday that it "didn't want to hear" from Luxottica again after settling a swipe fees claim, accusing the eyewear retailer of defying an agreement when a subsidiary refused to stop legal action.

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COMMERCIAL FRAUD

Aircraft Co. Settles $28M Claim Over Undersold Lessor

By Eddie Beaver

An aviation business has settled its $28 million claim against an aircraft lessor it alleged had suppressed its own income and profitability, causing the business to undersell its shares in the lessor.

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TAX

Dairy Co. Presses UK Court To Revive Tax Deductions On IP

By Josh White

A European dairy giant asked a London appeals court on Tuesday to overturn lower tribunal rulings denying the company tax deductions for the gradual write-off of brands, intellectual property and goodwill following an acquisition.

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EMPLOYMENT & BENEFITS

Barclays Manager Not Entitled To Pay For Taking On VP Duties

By Jamie Lennox

A London tribunal has ruled that Barclays Bank did not act unlawfully by omitting to increase a sales manager's salary when he took on additional duties that elevated his role to the grade of vice president.

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Ex-Staffer Sues Insurance Co. For Unpaid Salary After Firing

By Hanna Vioque

A former employee has sued an insurance company for £535,993 ($733,000) in unpaid salary, bonuses and pension contributions after she said it fired her under the false pretense that the dismissal was "mutually agreed."

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MEDIA

Trump Asks Fla. Court Not To Halt $10B BBC Defamation Suit

By David Minsky

President Donald Trump urged a Florida federal court to reject the BBC's request to pause discovery in a $10 billion defamation lawsuit, arguing that the broadcasting company's anticipated motion to dismiss the case wasn't filed yet and isn't fully briefed.

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LAW FIRMS IN TODAY'S NEWS

11 New Square

Ballard Spahr

Blackstone Chambers

Brick Court Chambers

Brito PLLC

Dykema

Fountain Court Chambers

Freshfields

HSF Kramer

Harcus Parker

Kingsley Napley

Leigh Day

Linklaters LLP

Littleton Chambers

Matrix Chambers

Monckton Chambers

Old Square Chambers

One Essex Court

Outer Temple Chambers

Radcliffe Chambers

Russell-Cooke

Slaughter and May

Stewarts Law LLP

Twenty Essex

COMPANIES IN TODAY'S NEWS

Barclays PLC

British Broadcasting Corp.

Deutsche Bank AG

HSBC Holdings PLC

InterGlobe Enterprises Ltd.

KBW, Inc.

Lloyds Banking Group PLC

London Stock Exchange Group PLC

Luxottica Group S.p.A.

Tesco Corp.

Tesco PLC

Visa Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commission de Surveillance du Secteur Financier

Companies House

Competition Appeal Tribunal

East London Employment Tribunal

Financial Conduct Authority

HM Revenue & Customs

HMRC

U.S. District Court for the Southern District of Florida

UK Court of Appeal

UK First-tier Tribunal

UK High Court

UK Upper Tribunal