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Airbus Pays HMRC £6.4M Over Export Control Breaches

By Josh White

Aerospace giant Airbus reached an agreement with the U.K. tax authority to pay £6.4 million ($8.6 million) to settle claims that the company breached export control rules, the agency announced Thursday.


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Top Stories
  • Smartphone screen displaying large white serif lettering on a blue background, with blurred blue financial chart graphics in the background.
    Goldman Sachs Must Pay £1.45M For Paternity Leave Firing

    By Adele Redmond

    A former Goldman Sachs compliance officer has won £1.45 million ($1.93 million) after the investment bank discri...(read more)

  • Front of the UK's top court in London.
    Safa Wife Bids To Slip Net Tying Her To $2B Tuna Bonds Case

    By Eddie Beaver

    The widow of shipbuilding magnate Iskandar Safa urged an appeals court Thursday to overturn a ruling allowing Mo...(read more)

  • KPMG Probed By FRC Over Audit Of John Wood Group

    By William Janes

    The accounting regulator said Thursday that it is investigating KPMG and two accountants over an audit of engineering firm John Wood Group PLC, which was fined £13 million ($17.4 million) this year for making misleading financial statements.

  • Duty To Consult On Staff Monitoring Would Increase Disputes

    By Adele Redmond

    Lawyers warn that a proposal from the government to require employers to consult on how they use workplace monitoring technology would lead to disputes with workers and their unions — but any lesser reform won't improve workers' rights as employers seek to avoid scrutiny of their methods.

  • Matt Hancock Wins Libel Fight Over 'Antisemitic' COVID Tweet

    By Robbie Kalus

    Matt Hancock defeated a libel claim Wednesday when a London appeals court ruled that the former U.K. health secretary could rely on the honest opinion defense in describing a tweet by former Member of Parliament Andrew Bridgen as "antisemitic."

  • Billionaire Sheikh Can't Duck Service Of €83M Debt Claim

    By Robbie Kalus

    A Saudi sheikh who owes liquidators €83 million ($95 million) failed on Wednesday to frustrate possession proceedings against his home on Britain's most expensive street, as a London court ruled that the claim forms could be served to his solicitors.

  • Bahrain Spyware Ruling Opens Door To State Hack Claims

    By Joanne Faulkner

    A decision by the U.K. Supreme Court to allow two Bahraini dissidents to sue the Gulf state over alleged spyware attacks on them could encourage more claims against foreign governments accused of hacking people in Britain from sites overseas, lawyers say.

  • Macfarlanes Posts Turnover Of £390M In 'Transitional' Year

    By Ashish Sareen

    Macfarlanes LLP said Wednesday that its turnover hit a record £389.5 million ($518.4 million), profits rose 3%, and profit per partner remained flat in what it described as "a transitional year" amid a challenging market backdrop.

  • TUI Defeats Pilots' Challenge Over Union-Backed Benefit Cuts

    By Eddie Beaver

    Travel company TUI lawfully reduced long-term illness benefits for a group of pilots receiving income protection payments because the changes were made through a collective agreement with their union rather than being imposed unilaterally, an appeals court ruled Wednesday.

  • Major Banks Face Fresh Bid For Opt-In FX-Rigging Claim

    By Eddie Beaver

    A competition law consultant sought Wednesday to revive his proposed foreign exchange-rigging class action against major banks, arguing that material changes since its rejection as an opt-out action warrant a fresh opt-in bid.

  • Meta Fails To Cut Novel Damages From Facebook Data Claim

    By Joanne Faulkner

    Meta lost on Wednesday its appeal seeking to prevent millions of Facebook users from seeking so-called user damages for the use of their personal data as part of a landmark competition claim.

  • Sullivan & Cromwell Aids Apax's €1.5B Packing Cos. Purchase

    By Najiyya Budaly

    Private equity firm Apax Partners LLP will buy two businesses from Gerresheimer AG of Germany for €1.5 billion ($1.7 billion), the companies said Wednesday, as they seek expansion for the pharmaceutical packaging companies in the U.S.

  • Glencore Fights To Recoup $230M In Prax Oil Fraud Row

    By Ronan Barnard

    Glencore PLC's U.K. arm asked a London judge Tuesday to let it bring a claim against the collapsed former owner of one of the U.K.'s largest oil refineries, alleging it was defrauded out of $230 million worth of crude oil.

  • Patent Pools Must Brace For Litigation After Tesla Ruling

    By Alex Baldwin

    The U.K.'s top court has paved the way for companies that rely on technological standards to rope patent pool operators into litigation to secure fair, reasonable and nondiscriminatory licensing terms after Tesla prevailed in its landmark appeal over wireless technology Monday.

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Trending on Law360 UK

  • Glencore Fights To Recoup $230M In Prax Oil Fraud Row
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  • EY Fined £1.2M For Rule Breaches On Made.com Audit
  • UK Pension Providers Back £1B Fund For Biz Startups
  • Pensions Lifeboat Probes Impact Of Insurance Pricing Shift
  • TUI Defeats Pilots' Challenge Over Union-Backed Benefit Cuts
  • Regulator Secures Win For Construction Co. Pension Plan
  • EU Wildfires Unlikely To Hit Insurers Unless Losses Spread
 
 
 

From The Courtroom

  • Traders' Rate-Rigging Conviction Appeals Set For October
  • Shady Power Deal Used In Goldman Compliance Prep, Jury Told
  • Fake High-Tech Trader Who Raised $3.7M, Fled, Gets 51 Mos.
  • Daily Mail Wants £10M Up Front For Prince Harry Privacy Case
  • Like Milli Vanilli, Goldman FCPA Case Is A Ruse, Jury Told
  • Mexico Billionaire Not Financier's Only Victim, Judge Told
  • Le Mans Operator Claims Watch Seller Traded On Race's TM
  • KC Wins Stay Of Contempt Case Over Jury Speech
  • DVLA Accused Of Defying Ban To Seal £133M Egis Contract
  • Mirror Pays Damages To Settle Model's Phone-Hacking Claim
 
 
 

Expert Analysis

  • Sam Cooper
    UK Bill Would Transform Commercial Payments Terms
    A bill recently introduced to Parliament, if enacted, would replace significant areas of contractual freedom concerning payment term... (read more)
  • Manita Rawat
    Who Owns The Data Behind The Beautiful Game?
    Every match at the 2026 FIFA World Cup generates enormous volumes of information that can improve performance, enhance fan engagemen... (read more)
  • Katalin Horváth
    EU AI Omnibus Makes Key Changes But Leaves Uncertainties
    The European Council and Parliament’s recent provisional agreement on the artificial intelligence omnibus delivers some simplificati... (read more)
  • Clemens York
    EU Foreign Subsidies Report Offers Chance To Take Stock
    The European Union’s forthcoming review of the Foreign Subsidies Regulation, revealing reassuringly low intervention rates but a bur... (read more)
  • Rory Spillman
    FCA-Approved Firms Get Liability Clarity On Appointed Reps
    The recent U.K. Supreme Court judgment in Kession Capital v. KVB Consultants, turning on the construction of Section 39 of the Finan... (read more)
  • Read More Expert Analysis

 
 
 

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