The decision by the financial watchdog to provisionally fine and ban former fund manager Neil Woodford has sent a lesson to companies across the finance sector that the star status of some senior managers is up for review in the City. 
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Analysis

FCA Woodford Ban Signals Risks Of Star Fund Managers

By Alex Davidson

The decision by the financial watchdog to provisionally fine and ban former fund manager Neil Woodford has sent a lesson to companies across the finance sector that the star status of some senior managers is up for review in the City. 

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Chelsea Group Claims Bribery Tainted $20M Greensill Deal

By William Janes

A Cyprus-based group of companies has denied owing $20.6 million to UBS' asset management unit from a supply chain finance deal with the now-defunct Greensill Capital, arguing that the deal was rescinded because it was tainted by bribery.

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LITIGATION

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

By Max Austin

This past week in London has seen the U.S. Securities and Exchange Commission target a British investor over a $10 million microcap fraud scheme, Merck Sharp & Dohme move against Halozyme Inc. following a recent clash over its patented cancer medicine, and Birmingham City Council sue a school minibus operator years after ending its contract over DBS check failures. Here, Law360 looks at these and other new claims in the U.K. 

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JPMorgan Denies Witholding €18M In VTB Sanctions Fight

By William Janes

JPMorgan has hit back at a VTB Bank subsidiary's claim that the American bank withheld €17.8 million ($21 million) from a liquidated trading account, arguing that sanctions have blocked it from paying the money.

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COMPLIANCE

FCA Finds Directors Breaching Policies On Unrecorded Calls

By Alex Davidson

The Financial Conduct Authority has found in a review that wholesale banks are identifying breaches of internal policies on unmonitored communication, particularly by senior individuals.

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LAW FIRMS IN TODAY'S NEWS

3 Verulam Buildings

Brodies LLP

Bryan Cave

Clyde & Co

DLA Piper

Edmonds Marshall McMahon

Essex Court Chambers

Faegre Drinker

Fladgate LLP

Fountain Court Chambers

Freshfields

HSF Kramer

Hill Dickinson

Hogan Lovells

Norton Rose

One Essex Court

Orrick Herrington

Osborne Clarke

Pillsbury Winthrop

Quinn Emanuel

Reynolds Porter

Sintons LLP

Slater and Gordon

Spencer West LLP

Stephens Scown

Stephenson Harwood

Taylor Wessing

COMPANIES IN TODAY'S NEWS

A.P. Moller-Maersk

Balfour Beatty PLC

Barclays PLC

Canara Bank Ltd.

Citigroup Inc.

Compass Minerals International, Inc.

Credit Suisse Group AG

Greensill Capital

JPMorgan Chase & Co.

Lendlease Corp.

LinkedIn Corp.

Lloyds Pharmacy Ltd.

London Stock Exchange Group PLC

Mediterranean Shipping Co. SA

Merck & Co. Inc.

SoftBank Group Corp.

Turk Hava Yollari AO

UBS Group AG

VTB Bank

VTB Capital PLC

WSP Holdings Ltd.

Williams-Sonoma Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Companies House

Financial Conduct Authority

HM Revenue & Customs

U.S. Securities and Exchange Commission

UK High Court

UK Upper Tribunal