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Woodville Paid £37M To Director-Linked Firms Before Collapse

By Robbie Kalus

Motor finance litigation-funder Woodville paid upward of £37 million ($50 million) to companies connected to its directors before it collapsed into administration, according to a report by the administrators.


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Top Stories
  • Former head of oil at a mining company arrives at Southwark Crown Court in London.
    Glencore's Ex-Head Of Oil Head Denies UK Bribery Charges

    By Ronan Barnard

    The former oil chief at Glencore and another senior employee denied bribery and forgery charges over allegations...(read more)

  • Gender pay gap graph and see-saw
    Firms Tackle EU Pay Transparency Law Ahead Of UK Reforms

    By Adele Redmond

    Preparations by law firms for upcoming reforms to the U.K. pay gap reporting regime might have taken a back seat...(read more)

  • EUIPO Could Value IP To Help Startups Access Loans

    By Jamie Lennox

    The European Union Intellectual Property Office has proposed reforms that could help startups secure bank loans by valuing their patent portfolios.

  • ESMA Flags 'Rife' Insider Trading Risk In Prediction Markets

    By Laura Stewart Liberty

    Prediction markets are "rife" with insider trading, the European Union's markets watchdog warned on Thursday as it said that the fast-growing sector required continued monitoring.

  • Next's Win Shows Retailers Can Justify Warehouse Pay Gaps

    By Jamie Lennox

    High Street chain Next has given employers hope of defending unequal pay claims of warehouse workers and shop staff after it successfully justified its own pay gap on appeal, but experts say other employers will face no easy path in relying on the decision.

  • Citi Fine Warns Firms To Stress-Test Sanctions Controls

    By Christopher Crosby

    Citibank's fine for violating the U.K. sanctions regime shows that the enforcer will punish companies for serious breaches even if there was no intent to break the rules, underscoring the need for firms to stress-test their screening systems, lawyers say.

  • Met Police Probes Reform UK Over Alleged Donation Offenses

    By Robbie Kalus

    The Metropolitan Police has launched a criminal investigation into Reform UK linked to allegations made in a Channel 4 News report that the party breached donation rules. 

  • Roman Abramovich Loses 3rd EU Sanctions Challenge

    By Sophia Dourou

    Roman Abramovich failed on Wednesday in his third attempt to lift European Union sanctions against him after a court ruled that the billionaire was designated over activities "providing substantial revenue" to Russia.

  • Google To Invest €13B In Finland, Boosting AI Infrastructure

    By Irene Madongo

    Google said Wednesday it has committed €13 billion ($15 billion) to digital infrastructure and clean energy projects in Finland, its biggest single investment in Europe, which is expected to bolster its artificial intelligence ambitions.

  • AI Adoption Creates Pay Gap Risks — And Opportunity

    By Adele Redmond

    The rapid adoption of artificial intelligence technology by law firms could make it harder for them to close their gender pay gaps, experts warn.

  • Ikea Political Ad Spoof Likely Infringes TM, EU Court Rules

    By Hanna Vioque

    The EU's top court ruled Tuesday that freedom of expression can justify political spoofs of a famous trademark, but indicated that a far-right Belgian party's Ikea-themed anti-immigration campaign may have crossed the line.

  • Wider FCA Misconduct Reference Rules Set To Spur Litigation

    By Alex Davidson

    Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.

  • CBRE Wins Tower Rent Row Over JLL's €920M Valuation

    By Eddie Beaver

    CBRE defeated allegations Tuesday that it pressured JLL to undervalue a 36-story Brussels skyscraper after a court found its €920 million ($1.1 billion) assessment legitimate despite shortcomings in its work.

  • Film Financier Sues For $19M Over 'Cliffhanger 2' Loan Default

    By Joel Poultney

    An American film financier has sued a reinsurer for $19.3 million over its alleged failure to pay out to lenders after a borrower defaulted on a loan designed to fund preproduction costs of a sequel to Sylvester Stallone's 1993 thriller "Cliffhanger."

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Trending on Law360 UK

  • Wider FCA Misconduct Reference Rules Set To Spur Litigation
  • CBRE Wins Tower Rent Row Over JLL's €920M Valuation
  • City Firm Denies Dishonestly Aiding £7M Property Fraud
  • Potanin Wins Rusal Disclosure Fight Over Russian Data Law
  • AI Adoption Creates Pay Gap Risks — And Opportunity
  • FOS Must Pay Banks' Costs Despite Fears Of Chill Effect
  • Citi Fine Warns Firms To Stress-Test Sanctions Controls
  • FCA Axes Firm's AML Registration Over Ignored Info Demands
  • Film Financier Sues For $19M Over 'Cliffhanger 2' Loan Default
 
 
 

From The Courtroom

  • Ex-SAS Member's Book Blocked Pending MoD Secrecy Trial
  • Justices Call For Early Response Over Paramount Merger
  • Calif. Urges Justices To Let Paramount Merger Case Play Out
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  • Ex-Brokers Fight FCA Ban For Misusing Client Funds
  • Barrister Imprisoned For Helping To Plot Gang Revenge Attack
  • £70M Forestry Fraud Funded Luxury Lives, Prosecutor Says
  • Law Firm Appeals To Trim Fired Paralegal's £109K Bias Payout
  • Solicitor Convicted Of Stalking Loses Bid To Pause SDT Case
  • Alleged Iran Oil Ring Member Beats US Bail Challenge
 
 
 

Expert Analysis

  • 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)
  • Vaïk Müller
    EU Ruling Creates Clear Separation Of Sanctions, AML Risks
    A recent ruling from the Court of Justice of the European Union bars banks from automatically denying basic payment accounts based o... (read more)
  • 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)
  • Read More Expert Analysis

 
 
 

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