Top Stories

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  UK To Mandate 'Binary' Ethnicity Pay Gap Reports

  By Jamie Lennox

  The government told large employers Wednesday that they will soon have to produce "binary" ethnicity pay gap rep...(read more)

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  Diageo To Sell Indian Cricket Team To Blackstone For $1.8B

  By Najiyya Budaly

  Guinness owner Diageo PLC said Wednesday that it is selling Indian cricket champions Royal Challengers Bengaluru...(read more)

• Dentons Says AML Claims Shouldn't Face Tribunal Rerun

  By Ronan Barnard

  Dentons on Wednesday sought to block allegations it breached money laundering regulations being litigated before a tribunal for a second time, arguing at the Court of Appeal that the case had been rightly dismissed the first time.

• Ex-British Council Staffer Wins Appeal Of Compensation Cut

  By Jamie Lennox

  A London appeals judge on Wednesday overturned a 35% reduction to the discrimination payout for a former British Council employee who quit after alleging that a senior colleague had sexually harassed her.

• Odey Denies Trying To Silence Groping Victim In FCA Probe

  By William Janes

  Crispin Odey told a London tribunal on Wednesday that he denied trying to stop a member of staff who he had groped from speaking to the Financial Conduct Authority while it investigated his conduct at the hedge fund.

• Condé Nast Says Promoter Pushed Bogus Oscar Party Tickets

  By Sophia Dourou

  The owner of Condé Nast said that an events promoter infringed its trademarks by promoting "bogus" tickets to exclusive events such as the Vanity Fair Oscars party, its lawyers told the first day of a trial on Wednesday.

• BDO Denies Botching Audits And Costing Insurer $100M

  By Eddie Beaver

  BDO has denied negligently issuing clean audit opinions for an insurer and causing more than $100 million in losses and liquidation costs in the run-up to the company's collapse.

• Russian Sanctions Blocked $69M Unicredit Lease Payments

  By Joanne Faulkner

  Unicredit rightly withheld $69.3 million in payments to aircraft lessors for planes stranded in Russia, Britain's top court ruled Wednesday, as it found that the sanctions regime prevented the bank from making payments connected to the supply of aircraft to Russian airlines.

• Law Firms Revamp AI Rules Amid Confidentiality Concerns

  By Marialuisa Taddia

  Law firms are revisiting and tightening their internal artificial intelligence governance policies as concerns grow over the potential of the technology to undermine legal professional privilege.

• Investors Challenge India's Immunity In $217M Arbitration Row

  By Joanne Faulkner

  Investors in an Indian satellite communications company challenged at the Court of Appeal on Tuesday a ruling that the country can claim state immunity to block enforcement of arbitration awards worth $217 million.

• Odey Regrets Coming Across To Staff As 'Creepy Old Man'

  By William Janes

  Crispin Odey said on Tuesday that he regrets coming across to young receptionists as a "creepy old man," as his challenge to a ban and fine of £1.8 million ($2.4 million) for thwarting an internal probe into sexual misconduct allegations continues.

• Commons Reverses Lords' Bid To Raise Tax-Free Pension Cap

  By Joel Poultney

  Lawmakers in the House of Commons overturned a proposal by the House of Lords to raise a planned cap on tax-free pension salary sacrifice from £2,000 ($2,700) to £5,000, as the government pushed forward on Tuesday with a measure labeled regressive by critics.

• Mike Lynch's Estate Denied Appeal In HP Fraud Case

  By Eddie Beaver

  Mike Lynch's estate has been refused permission to challenge a ruling that the entrepreneur fraudulently misled Hewlett Packard Enterprise over its acquisition of his software company as a court found on Tuesday that no proposed ground of appeal had a prospect of success.

• Bank Of London Fined £2M For Misleading Capital Claims

  By Alex Davidson

  The Bank of England said Tuesday that it has fined Bank of London £2 million ($2.7 million) for failing to act with integrity and misleading the regulator on its capital holdings, which included providing several fabricated documents.