Denmark's "bruising" defeat in its £1.4 billion ($1.9 billion) cum-ex fraud case against trader Sanjay Shah and others calls into question its legal strategy and the scope of its claim, lawyers have said, although they believe an appeal appears inevitable.
Denmark's "bruising" defeat in its £1.4 billion ($1.9 billion) cum-ex fraud case against trader Sanjay Shah and others calls into question its legal strategy and the scope of its claim, lawyers have said, although they believe an appeal appears inevitable.
Denmark cannot revive its £1.4 billion ($1.9 billion) against scores of traders and financial institutions over a cum-ex tax fraud it said was orchestrated by convicted hedge fund trader Sanjay Shah.
British and European pensions must move beyond preparation to active participation with venture capital investment that could "unleash" significant growth across the bloc, new analysis by a research group for the sector shows.
Linklaters sought on Friday to dismiss a fintech investor's negligence claim, saying it failed to comply with court rules and has abused the court's process by filing a claim before fully investigating whether it has a viable case.
A former Petrobras executive's challenge to the U.K's Serious Fraud Office's seizure of $7.7 million from him was delayed by a London court Friday, after the white-collar agency said it needed time to gather evidence about related proceedings in Brazil.
A Monaco advisory firm has denied a Spanish private equity fund manager's €10 million ($11.7 million) claim over allegedly subpar fund placement advice and pressed its allegation that the manager unlawfully terminated a contract.
This past week in London has seen billionaire Michael Platt sue his former tax lawyer, five former Deutsche Bank staffers file claims against the German bank and an Italian financier issue a commercial fraud claim against the Vatican and UBS.
The U.K. government has urged the country's £3.2 trillion ($4.3 trillion) pensions industry to offer financial backing to a new generation of British technology startups.
The European Union's financial markets regulator said Friday it will expand its supervisory responsibilities into a raft of new areas in 2026, including sustainability ratings, green bond issuance and the giant information technology service providers.
The funding surplus of pension plans among the top 100 businesses in Britain has exceeded £55 billion ($74 billion), Lane Clark & Peacock LLP has said, marking a shift in conversation from funding to "delivering value."
