Top Stories

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  FCA's Mortgage Rules Revamp Could Boost Misselling Risk

  By Alex Davidson

  The Financial Conduct Authority's proposed rewrite of mortgage rules within its consumer duty regime, designed t...(read more)

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  Visa, Mastercard Face Class Actions Over Swipe Fees

  By Isabel Jackson

  Visa and Mastercard are facing class actions potentially worth billion of pounds for allegedly charging unlawful...(read more)

• Mercuria Says Baltic Kept Flawed Rate Amid Hormuz Crisis

  By Joanne Faulkner

  Energy trader Mercuria accused the Baltic Exchange on Monday of keeping an unreliable benchmark running to avoid losing business to a rival, despite internal warnings that disruption in the Strait of Hormuz had made its assessments meaningless.

• Caterpillar Attacks 'Frankenstein' Price Behind Import Duty

  By Eddie Beaver

  Caterpillar told a tribunal on Monday that the U.K. trade authority created a "Frankenstein price" to wrongly justify a steep import duty on the construction equipment giant's Chinese-made excavators following an anti-dumping investigation.

• IP Office Shows Early Discrepancies With New Patent Test

  By Alex Baldwin

  In two recent decisions from the U.K.'s Intellectual Property Office, it is grappling with a new test for whether an invention is patentable, marking a significant step toward modernizing the patent system for the AI era. But experts warn that the way officials apply the new standard will likely vary until it is tested.

• Irish Lender Rejects Axis' Bid As Sale To Austrian Bank Nears

  By Dawood Fakhir

  Permanent TSB on Friday said the court hearing to approve its approximately €1.62 billion ($1.8 billion) sale to Austrian bank BAWAG PSK will go ahead as scheduled Tuesday, despite rival suitor Axis Capital's move to postpone the hearing.

• London's Rainmaker Wars Make Partnerships More Fragile

  By Marialuisa Taddia

  U.S. law firms' race to dominate London's lucrative private capital market is making some partnerships more fragile, as Weil Gotshal & Manges LLP has seen with increasingly mobile rainmakers across the city commanding huge pay packages and controlling client relationships worth tens of millions of dollars, recruiters and consultants say.

• Awaab's Law Faces Hurdles In Private Rental Rollout

  By William Janes

  Plans to extend Awaab's Law to the private rental sector would strengthen protection for renters against damp, mold and other serious hazards, but lawyers say it will be difficult to apply rules designed for large social landlords to a market dominated by small property owners.

• Top UK Court Refuses To Hear Tesco Equal Pay Appeal

  By Adele Redmond

  The U.K. Supreme Court has refused to hear retail giant Tesco's appeal to exclude training documents from an evaluation of the jobs done by thousands of workers who have sued the company for equal pay. 

• Former Prince Andrew Can Be Called As Witness In Fraud Trial

  By Ronan Barnard

  A former Goldman Sachs banker accused of misappropriating assets from the multimillionaire wife of an imprisoned Turkish politician was given permission by a judge on Friday to call Andrew Mountbatten-Windsor to give evidence at trial.

• UK Regulators Propose Simplifying Senior Managers Regime

  By Alex Davidson

  The Financial Conduct Authority and the Bank of England have proposed simplifying the senior managers and certification regime, which they say would save businesses £2 billion ($2.7 billion) a year.

• 4 Questions For Macfarlanes Construction Pro Angus Dawson

  By Tom Fish

  Angus Dawson, a partner at Macfarlanes LLP, speaks here to Law360 about how pressures from financing costs and uncertainty over regulatory approvals are shaping construction contracts, and why technically demanding projects such as data centers require more complex contractual arrangements.

• Pogust-BGI Dispute Threatens £36B Dam Trial Prep, BHP Says

  By Eddie Beaver

  BHP criticized Pogust Goodhead and Bailey Glasser International over their battle for control of £36 billion ($48 billion) litigation arising from a collapsed dam, warning on Friday that the dispute has disrupted preparations for a trial to determine compensation.

• 5 AI Traps To Avoid As FCA Sets Out Good And Bad Practice

  By Alex Davidson

  The Financial Conduct Authority has released findings on "good and poor practice" in the use of artificial intelligence. Here, Tom Brown of Shoosmiths outlines five traps that financial services companies must avoid if they want to stay on the right side of the regulator.