Top Stories

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  Part-Time Driver Pushes For Broader Bias Test At Top Court

  By Ronan Barnard

  A minicab driver urged the U.K.'s top court on Thursday to overturn part of a ruling about whether his employer ...(read more)

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  A&O Shearman Makes Job Cuts In Business Services

  By Marialuisa Taddia

  Allen Overy Shearman Sterling is reducing the headcount in its business services team as it becomes the latest m...(read more)

• 2 Men Convicted Of Spying On Hong Kong Activists In UK

  By Sophia Dourou

  Two men were convicted on Thursday of spying for China through "shadow policing operations" that targeted Hong Kong dissidents living in Britain.

• Gov't Says It Can Prioritize US In Hacker Extradition Row

  By Sophia Dourou

  The U.K. government asked an appeals court on Thursday for permission to challenge a ruling quashing its decision to defer Portugal's extradition request for the founder of online cybercrime marketplace RaidForums in favor of that of the U.S.

• Met Officer, 4 Ex-Officers Probed Over Al-Fayed Abuse Claims

  By Eddie Beaver

  The police watchdog said Thursday that it is investigating a serving Metropolitan Police officer and four former officers for potential misconduct over their handling of sexual misconduct allegations against Mohamed al-Fayed, who died in 2023.

• Hogan Lovells Helps Angelini Buy Catalyst Pharma For $4.1B

  By Najiyya Budaly

  Angelini Pharma SpA will buy U.S. rival Catalyst Pharmaceuticals Inc. for $4.1 billion in cash, the companies said Thursday, a transaction that will give the Italian company access to therapeutics for rare diseases affecting the brain.

• UniCredit To Take Loss Of Up To €3.3B On Russian Biz Sale

  By Najiyya Budaly

  UniCredit SpA said Thursday that it will take a hit of up to €3.3 billion ($3.9 billion) on its profits to sell part of its Russian subsidiary to an investor in the United Arab Emirates as the Italian lender moves to distance itself from sanctioned clients.

• MoFo, KC Face Saad Negligence Case After $318M Court Loss

  By William Janes

  Liquidators for Saad Investments have launched a professional negligence claim against Morrison Foerster LLP and a senior barrister, who represented the defunct lender in a failed fight for compensation for shares worth $318 million.

• The SFO Walked Out Of DPA Talks. This Is Why It Returned

  By Christopher Crosby

  When the Serious Fraud Office abruptly walked away from negotiations over a deferred prosecution agreement with Ultra Electronics in 2022 and widened its bribery investigation, it signaled a setback in the agency's use of corporate settlements.

• PayPal, Mastercard, Visa Targeted By UK Competition Probe

  By Najiyya Budaly

  The Financial Conduct Authority said Wednesday that it has launched an antitrust investigation into U.S. payment companies PayPal Holdings Inc., Visa Inc. and Mastercard Inc. linked to the funding and usage of PayPal's digital wallet.

• BHP Denied Appeal Over £36B Brazil Dam Liability Ruling

  By Eddie Beaver

  BHP cannot challenge findings that it is liable for a £36 billion ($49 billion) claim over a collapsed dam in Brazil, as a London appeals court ruled Wednesday that the trial judge had not unjustly failed to engage with the miner's case.

• FCA To Probe Misleading Claims Management Practices

  By Alex Davidson

  The Financial Conduct Authority said Wednesday that it is launching a review of the claims management market, following concerns that some companies and law firms are failing consumers.

• SFO Rules Out Charging Individuals Tied To Bribery DPA

  By Christopher Crosby

  The Serious Fraud Office has ruled out prosecuting any individuals after resolving its long-running bribery probe into defense contractor Ultra Electronics, according to court documents published on Wednesday.

• Baker McKenzie-Led Bayer To Buy Perfuse For Up To $2.45B

  By Najiyya Budaly

  Pharmaceutical giant Bayer AG said Wednesday that it will buy Perfuse Therapeutics, a U.S. biopharma company, for up to $2.45 billion as it seeks a treatment for ocular diseases.