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Binance and HTX Signal Regulatory Enforcement Priorities

By Alex Davidson

The $6.4 billion Binance hack and HTX's U.K. exit following Financial Conduct Authority legal pressure show why regulators want greater oversight of overseas crypto exchanges while exposing the limitations in cross border enforcement, lawyers warn.


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Top Stories
  • junior worker looking sad as an older male colleague is promoted
    Weil Juniors Risk Being Left Behind In Partner Moves

    By Marialuisa Taddia

    Trainees and junior lawyers at Weil Gotshal & Manges LLP risk being left behind as partners negotiate moves to r...(read more)

  • General view of signage for a major British insurer.
    Aviva Not Liable For Oxford Colleges' COVID Losses

    By Joel Poultney

    A judge ruled on Friday that Aviva Insurance does not have to pay out to a group of University of Oxford college...(read more)

  • Irwin Mitchell Beats £1.4M Negligence Claim Over Advice

    By Sophia Dourou

    Irwin Mitchell LLP defeated a negligence claim worth over £1.4 million ($1.9 million) by a finance broker, with a court holding Friday that the law firm was right to advise its former client to settle two meritless claims.

  • Property Lawyers Battle Flood Of AI-Generated Claims

    By William Janes

    From landlord-tenant disputes to planning objections and infrastructure judicial reviews, use of generative AI is causing a surge in lengthy, often meritless challenges that real-estate lawyers say are clogging up systems, straining budgets and confusing valid grievances with hallucinated law.

  • Meta, X, TikTok Lose Fight Over Ofcom Data Demands

    By Eddie Beaver

    Meta, X and TikTok have lost their challenge against the communications watchdog's demands for data on their content moderation, as a court ruled on Friday that the social media giants had failed to show that the requests were disproportionately burdensome.

  • 5 Questions For Pinsent Construction Pro Louise Forster

    By Jamie Lennox

    Louise Forster of the construction disputes team at Pinsent Masons recalls tearing up part of Edinburgh city center as a particularly challenging transport project. Here, she tells Law360 about the complexities of international construction disputes and the evolution of adjudication as a resolution tool.

  • Binance Suspends Withdrawals After $6.3B Crypto Heist

    By Tom Fish

    Cryptocurrency giant Binance said Friday that $6.3 billion in digital assets had been stolen in a suspected hack that could be the largest on record.

  • Latham Advises On £308M Buy Of National Express Owner

    By Irene Madongo

    Spanish bus operator Autobuses de León SL said Friday it has agreed to buy National Express owner Mobico in a £308 million ($413.5 million) deal that will pull the company off the London Stock Exchange.

  • A&O Shearman, CMS Steer Tesco's €1.7B Sale Of EU Cos.

    By Dawood Fakhir

    Grocery giant Tesco said Friday it has agreed to sell its businesses in the Czech Republic and Slovakia to Dutch retailer and wholesaler Ahold Delhaize for a total enterprise value of €1.7 billion ($1.9 billion).

  • Tungsten Co. Begins Trading In London After £522M IPO

    By Najiyya Budaly

    Spanish miner Abenójar Tungsten SA began unconditional trading of its shares on the main market of the London Stock Exchange on Friday after an initial public offering valued at £522.2 million ($701.4 million).

  • Crypto Privacy Tools Hamper UK Money Laundering Probes

    By Alex Davidson

    Crypto privacy tools are making it harder for U.K. authorities to combat money launderers and sanctions evaders, say lawyers who warn it bodes ill for the Financial Conduct Authority's new crypto regime.

  • Weil's Collapse Makes Magic Circle Firms Look Steadier

    By Marialuisa Taddia

    The wave of partner departures from Weil Gotshal & Manges LLP is highlighting the resilience that the Magic Circle's institutional client relationships and broader practices provide elite U.K. firms, even as U.S. rivals offer rainmakers greater earning potential, recruiters and consultants say.

  • 'Leadership Vacuum' Preceded Weil's Collapse

    By Daniel Moritz-Rabson and Aebra Coe

    A series of leadership failures and strategic missteps preceded the precipitous downfall of Weil Gotshal & Manges LLP, sources told Law360 Pulse.

  • Weil's Demise Sparks Shock, Reflection In The Legal World

    By Alison Knezevich and Andrea Keckley

    The stunning collapse of Weil Gotshal & Manges LLP is the talk of BigLaw this week, as those in the industry grapple with how the powerhouse Wall Street firm could implode so quickly.

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Trending on Law360 UK

  • Weil To Wind Down As Top Attorneys Abandon Firm
  • Insurers Gain Route To 'Neutralize' Hostile Foreign Judgments
  • AI, FCA Mortgage Shift Could Raise Lenders' Crime Risk
  • Amersi Says BBC Lacks Evidence Of Corrupt Telecoms Deals
  • Weil's Collapse Makes Magic Circle Firms Look Steadier
  • Insurer Revives Damages Bid In Oil Spill Fight At Top Court
  • Crypto Privacy Tools Hamper UK Money Laundering Probes
  • Healey Looks To Simplify But Not Abolish Shareholder Taxes
  • Accused Celeb's Suicide Risk No Bar To Naming, Media Argue
 
 
 

From The Courtroom

  • Taylor Woodrow Seeks Appeal In £33M Fire Defects Dispute
  • Russian Exec's Bankruptcy Set Aside In $25M Fight
  • Former GCHQ Intern Loses Bid To Cut Data Breach Sentence
  • Chinese Co. Calls UK Excavator Dumping Decision Irrational
  • Accused Celeb's Suicide Risk No Bar To Naming, Media Argue
  • Amec Says Skanska Owes £4.5M To Fix Faulty Pylon Bases
  • Russell Brand Calls Consent 'More Important' Than Sex
  • Burges Salmon Beats Buyer's Claim Over Property Deal
  • Teaching Assistant Says Tribunal Used 'Stalinist' Test
  • Coffee Co. Says Baklava Chain Exploited 150-Year-Old Name
 
 
 

Expert Analysis

  • Garon Anthony
    Financial Firm Ruling Narrows Push Fraud Recovery Route
    The recent Court of Appeal decision in Moorwand v. Hamblin rejected a derivative claim brought by victims of an authorized push paym... (read more)
  • Eloise Ryan
    'Peppa Pig' Ruling Broadens Global Copyright Relief
    The High Court's recent unusual decision in Hasbro v. Công to grant a panjurisdictional injunction shows that, in certain circumstan... (read more)
  • Daniel Erskine
    How AI Can Complicate Liability Limits In Contracts
    With the U.K. Jurisdiction Taskforce's recent legal statement on liability for harms confirming that contract clauses remain subject... (read more)
  • Rachael Healey
    Key Points From High Court Ruling On FOS Time Bar Rule
    In Barclays Bank v. Financial Ombudsman Service, the High Court recently blocked the FOS from investigating consumer complaints that... (read more)
  • Ricci Potts
    UK Top Court Eases Creditors' Path To Enforcing Foreign Debt
    The recent U.K. Supreme Court ruling in Drelle v. Servis-Terminal that an unrecognized and unregistrable foreign judgment may found ... (read more)
  • Read More Expert Analysis

 
 
 

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Latest News

  • Irwin Mitchell Beats £1.4M Negligence Claim Over Advice
  • Taylor Woodrow Seeks Appeal In £33M Fire Defects Dispute
  • SRA Pulls Cases, Citing Concern It Can't Prove Dishonesty
  • Marshall Unplugs Retailer's Fake Headphones In TM Dispute
  • 2 In 3 Employers Face Legal Threats As New Rights Kick In
  • Marine Insurance Claims Handler Gets 7 Years Over $4M Fraud
  • HMRC Sets Out Penalties For Promoting Tax Schemes
  • Gov't Backs 'Urgent' Planning Route To Extend Asylum Camp
  • Weil Juniors Risk Being Left Behind In Partner Moves
  • Russian Exec's Bankruptcy Set Aside In $25M Fight
 
 
 


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