Top Stories

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  FCA Denies Exerting 'Undue Pressure' During Odey Probe

  By William Janes

  A manager at the City watchdog who conducted its supervision of Crispin Odey's hedge fund rejected the financier...(read more)

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  UK Backs Off Plan To Put Burden On Creatives In AI Scraping

  By Alex Baldwin

  The government has backed away from its proposal to make creatives opt out of having their work used to train ar...(read more)

• Greensill Can't Stop Disqualification Case Over Unfair Probe

  By Eddie Beaver

  Lex Greensill failed Wednesday to strike out U.K. government proceedings to disqualify him as a company director, as a London court ruled that a full trial is needed to assess the fairness of the investigation running up to the case.

• MFS Owner Hit With Asset Freeze After Mortgage Biz Collapse

  By Christopher Crosby

  The owner of failed U.K. mortgage provider Market Financial Solutions has been hit with a worldwide freezing order, administrators said Wednesday in the wake of fraud allegations following its collapse in February with debts in excess of £1 billion ($1.3billion).

• Rail Cos. Say Pay Talks Exhausted In £4.9M Payment Appeal

  By Adele Redmond

  Two rail operators argued Wednesday that collective pay negotiations in 2017 had been "expressly exhausted" before direct, individual offers were made to 1,250 union employees who won £4.9 million ($6.4 million) over the bargaining breach.

• Clyde & Co Can't Block Lawyer From Suing In Dubai

  By Hanna Vioque

  A London judge has refused to grant Clyde & Co. an injunction preventing a lawyer from suing in Dubai to force the firm to pay his full bonus, concluding it was unlikely that an English arbitration agreement was still valid. 

• Visa, Mastercard Win Shot At Overturning Fee Liability Ruling

  By Lucia Osborne-Crowley

  Visa and Mastercard won their bid for permission to appeal a ruling that found their swipe fee schemes had violated competition rules, with the Competition Appeal Tribunal ruling Tuesday that all the credit card giants' grounds of appeal merit a full hearing.

• BoE To Toughen Bank Liquidity Rules After Credit Suisse

  By Alex Davidson

  The Bank of England's regulatory arm proposed tougher rules on Tuesday to help ensure that banks, building societies and larger investment companies can speedily cash out on liquid assets, as it learns from the events at Silicon Valley Bank UK and Credit Suisse.

• UK Joins Interpol To Launch New Global Fraud Enforcer

  By Christopher Crosby

  The U.K. and Interpol launched a new international law enforcement unit on Tuesday in what the government hailed as a first-of-its-kind effort to hunt down organized criminal groups running scam compounds that target consumers.

• Asda Staff Jobs Ruled Comparable In £1.2B Equal Pay Case

  By Jamie Lennox

  A tribunal has ruled that female staff working in a range of jobs at Asda do similar work to employees at distribution centers, building on a victory for a handful of lead claimants in the £1.2 billion ($1.6 billion) equal pay dispute.

• UK Judges Being Trained To Spot AI Threats In Courtrooms

  By Joanne Faulkner

  Judges in England and Wales are being trained to recognize the use of artificial intelligence in the courtroom, the head of the judiciary said Wednesday, as well as the "threats" that emerging technologies bring to "administrating the delivery of justice."

• Argentina Accused Of Misusing GDP Data In €1.5B Debt Row

  By Eddie Beaver

  Argentina is facing renewed legal action from hedge funds that accused it of using incorrect gross domestic product figures for calculating its €1.5 billion ($1.7 billion) outstanding debt to bondholders, which said Monday they have obtained a court order demanding as much.

• Class Rep Hit With £15M Bill Over Failed Train Ticket Claim

  By Lucia Osborne-Crowley

  A consumer rights champion has been ordered to pay up to £15 million ($20 million) in legal costs over his failed class action accusing a group of train operators of abusing their dominant position and forcing some passengers to pay double the fare.

• AI Opens New Front In Litigation Battles Over Privilege

  By William Janes

  The use of artificial intelligence tools is expected to spark novel battles for disclosure during litigation, with opposing parties likely to clash over the confidentiality of AI systems and whether their use has undermined privilege.