Top Stories

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  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'...(read more)

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  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 g...(read more)

• 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.

• 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.

• Estée Lauder Confirms Merger Talks With Spain's Puig

  By Najiyya Budaly

  U.S. cosmetics giant Estée Lauder has confirmed it is in talks to merge with Puig, a Spanish fashion and beauty group, to create a combined business with sales of around $20 billion.

• M&A, Deregulation Bring Reset To UK Asset Management

  By Najiyya Budaly

  Consolidation of the asset management sector is ramping up as U.S. firms seek access to the domestic market and U.K. watchdogs loosen regulation in line with government-mandated pro-growth policies, which is expected to accelerate a spurt in dealmaking.

• PI Says Hacking Confession In Celebs' Mail Claim Was Forged

  By Ronan Barnard

  A private investigator testified Monday that his signature had been forged on a witness statement in which he allegedly confessed to phone hacking, and which underpins privacy claims brought by Prince Harry, Elton John and other public figures against the Daily Mail's publisher.

• Ex-Jones Day Pro Suspended Over 'Burn It' Evidence Order

  By William Janes

  A former private equity partner at Jones Day has been suspended from practicing for two years after a disciplinary tribunal concluded he was guilty of professional misconduct for instructing an IT manager to delete electronic evidence.

• Freshfields Guides Danone's Acquisition Of UK Nutrition Biz

  By Najiyya Budaly

  French food and beverage heavyweight Danone said Monday that it will buy privately owned British meal replacement producer Huel Ltd., aiming to cement its place in the functional nutrition market.

• FCA Opens Its Data To Palantir In Fraud Crackdown

  By Christopher Crosby

  The Financial Conduct Authority said Monday that it will give Palantir Technologies Inc. access to its regulatory data as part of its efforts to crack down on financial crime by using artificial intelligence as a resource.