HM Revenue & Customs can't retain over £18 million ($24.3 million) in a withholding tax claimed by an Irish company on debt interest from collapsed bank Lehman Brothers, a London court ruled Monday.
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Irish Co. Defeats £18M Tax Appeal Over Lehman Bros. Debt

By Josh White

HM Revenue & Customs can't retain over £18 million ($24.3 million) in a withholding tax claimed by an Irish company on debt interest from collapsed bank Lehman Brothers, a London court ruled Monday.

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UniCredit Presses Commerzbank Deal With Overhaul Pitch

By Najiyya Budaly

UniCredit SpA unveiled plans on Monday to combine its German subsidiary with Commerzbank AG as it set out a transformation program that it said would increase its target's net income by €600 million ($706 million) in 2028.

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William Hill Owner Eyes £225M Takeover Deal With Greek Biz

By Dawood Fakhir

The owner of William Hill said Monday that it is in talks with Greek gaming tech business Bally's Intralot SA about a takeover offer worth approximately £225.3 million ($304 million), months after the company disclosed hardships arising from increases in U.K. gambling tax.

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LITIGATION

Holiday Park Biz Sues Rival Over £4.8M Sale Of Caravan Site

By Sophia Dourou

A holiday park operator has sued a rival in a bid to enforce a deal for the potential purchase of a Welsh caravan park for £4.8 million ($6.5 million) amid a dispute over valuation.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week delivered another mix of procedural rulings, fiduciary duty disputes and deal litigation, highlighting both the court's gatekeeping role and its continued focus on stockholder rights and transactional fairness.

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DEALS

London SPAC Ikigai To Buy Tech Biz Dotlines For £55.7M

By Tom Fish

Shell company Ikigai Ventures Ltd. said Monday that it has agreed to acquire Dotlines Group, a U.K.-based international technology business, for £55.7 million ($75.3 million) in a reverse takeover.

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Iron Miner To Sell Ship, Raise $100M In Equity

By Dawood Fakhir

Iron ore miner Ferrexpo PLC said Monday that it has agreed to sell a shipping vessel for $7.7 million and raise up to $100 million in equity from existing and certain potential new investment companies.

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NEWS IN BRIEF

Brief

Miner Secures £8M To Boost Growth In Commodities Market

By Irene Madongo

Tin producer Andrada Mining said Monday it has conditionally raised approximately £8 million ($11 million) through a share sale, boosting its ambitions to expand its programs in southwest Africa amid what it described as "strong" commodity markets.

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Brief

Web Developer Biz Raises £1.54M Through Share Placing

By Irene Madongo

The Smarter Web Co. PLC said Monday that it has raised about £1.54 million ($2.1 million) in its latest sale of shares as part of a program it revealed in December.

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Brief

Aptia Group Buys Mercer's Pensions Guidance Business

By Irene Madongo

Pensions administrator Aptia Group said Monday that it has acquired a retirement savings guidance business from Mercer, which is owned by risk and reinsurance company Marsh.

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LAW FIRMS IN TODAY'S NEWS

11 New Square

Blackstone Chambers

Simmons & Simmons

COMPANIES IN TODAY'S NEWS

Bally's Corp.

Big Rock Partners Acquisition Corp.

Blackstone Inc.

Commerzbank

Cvent Inc.

Foundation Building Materials

Getty Images Holdings Inc.

Jenzabar Inc.

Lehman Brothers Holdings Inc.

London Stock Exchange Group PLC

Morgan Stanley

Rothschild & Co. SCA

Space Exploration Technologies Corp.

UniCredit

GOVERNMENT AGENCIES IN TODAY'S NEWS

Delaware Court of Chancery

HM Revenue & Customs

UK First-tier Tribunal

UK High Court

UK Upper Tribunal