The High Court's ruling restricting the Solicitors Regulation Authority's access to legally privileged material could hamper investigations into alleged misconduct connected with client work, particularly strategic lawsuits against public participation, lawyers say.
Government plans to throw more officers, money and agencies at cracking down on money laundering could be "transformational," leading to a surge in investigations and, City lawyers say, work for defense teams.
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Crispin Odey's lifetime ban will give the Financial Conduct Authority another springboard for cracking down on nonfinancial misconduct, sending a warning to firms to run an independent and thorough probe as well as investigate the allegations, lawyers say.
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.
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The High Court's ruling restricting the Solicitors Regulation Authority's access to legally privileged material could hamper investigations into alleged misconduct connected with client work, particularly strategic lawsuits against public participation, lawyers say.
Government plans to throw more officers, money and agencies at cracking down on money laundering could be "transformational," leading to a surge in investigations and, City lawyers say, work for defense teams.
Crispin Odey's lifetime ban will give the Financial Conduct Authority another springboard for cracking down on nonfinancial misconduct, sending a warning to firms to run an independent and thorough probe as well as investigate the allegations, lawyers say.
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.
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September 22, 2026
Financial firms shut down almost 240,000 accounts suspected of laundering money in the U.K. last year, but criminals are still moving illicit funds through multiple bank accounts before cashing out, the City regulator said Wednesday.
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September 22, 2026
Kuwait can't extradite the widow of its former pension chief from the U.K. to serve a lifetime prison sentence for allegedly stealing $73.8 million after a London judge ruled that prosecutors failed to formally notify her about her criminal trial.
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September 22, 2026
Dutch authorities have arrested a suspected broker in a large-scale value-added tax fraud ring involving electronics, seizing €3.5 million ($4 million) worth of assets in the process, the European Public Prosecutor's Office said Tuesday.
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September 22, 2026
UBS said Tuesday it has agreed to pay €5 million ($5.7 million) to the Dutch Public Prosecution Service to settle a legacy case involving alleged tax evasion linked to 12 former Credit Suisse clients.
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September 22, 2026
The Financial Conduct Authority has accepted a recommendation to investigate a complaint over its handling of a redress scheme for customers of a group of lenders, after the Complaints Commissioner found the regulator had wrongly rejected the case as out of time.
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September 21, 2026
Glencore won permission Monday to sue the insolvent Prax Lindsey Oil Refinery over more than $236 million of crude oil supplied before it collapsed, after a London judge found the trader had an arguable case to trace some assets.
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September 21, 2026
The Financial Conduct Authority said Monday that it had brought a claim against property investment specialist Hunter Jones Group and its director over claims the company is carrying out regulated activity without authorization.
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September 21, 2026
A London court has sentenced a former Metropolitan Police officer to four years and five months in prison for his involvement in a string of fraudulent insurance claims for intentional car crashes, amid an increased focus on "crash for cash" scams.
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September 21, 2026
An Indian care worker has been awarded £28,123 ($37,600) after an employment tribunal found that his employer "abused" the visa sponsorship system by creating false documents to "mislead" the Home Office.
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September 21, 2026
The Solicitors Regulation Authority cannot compel law firms to disclose documents protected by clients' legal professional privilege during misconduct investigations, a London judge ruled Monday, potentially narrowing the material available to the watchdog in some disciplinary cases.
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September 18, 2026
The Formula One World Championship has fought back against claims that it still owes a Russian promotion company a refund for $24 million in race fees that it handed over before Russia's military invasion of Ukraine voided their contract as Western governments imposed sanctions.
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September 18, 2026
The owner and manager of a superyacht that sank off the Sicilian coast, killing technology entrepreneur Mike Lynch and his Clifford Chance LLP lawyer, have filed a claim in London aimed at limiting what they could owe in damages to individuals affected by the sinking.
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September 18, 2026
A New York federal judge has sent claims against a manager of lender W Management Services and agent SRT Capital SPC Ltd. to arbitration in a wide-ranging suit brought by an Aeva Technologies co-founder who alleges Credit Suisse provided "institutional cover" to conspirators who stole tens of millions of dollars.
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September 18, 2026
Lawyers are urging the Financial Conduct Authority to rush out guidance on how far senior managers are accountable for growing risks from cutting-edge artificial intelligence amid unclear and outdated rules.
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September 18, 2026
A solicitor can recover all the legal costs of defending herself from contempt proceedings brought by a puppy farm after an appeals court held Friday that her fee agreement with her defense lawyers meant she could claim more than the legal aid rate.
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September 18, 2026
Arab Bank Europe has sued an Omani businessman for more than £17 million ($22.7 million) after he allegedly failed to cover payments on four defaulted corporate loans he had guaranteed.
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September 18, 2026
A businessman who founded British private car hire company Addison Lee can't avoid over £20.5 million ($27.4 million) in taxes after a London tribunal rejected his claim to nondomicile tax status over his family connections to Ireland.
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September 18, 2026
Five individuals pleaded not guilty Friday at a London criminal court to tax fraud and money laundering charges linked to an HM Revenue and Customs investigation into a payroll outsourcing business.
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September 18, 2026
The past week in London has seen Victoria's Secret and Thomas Pink file competing IP claims, more than 1,000 retail consumers launch a group action against Binance, Baker Hughes targeted in a commercial claim by its former Russian subsidiary and university students hit four British institutions with breach of contract claims over pandemic-era closures.
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September 17, 2026
A British artificial intelligence medical imaging company has denied that it wrongfully excluded an investor's appointed observer from board meetings, attributing the decision to a potential conflict of interest.
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September 17, 2026
A former employee of two men accused of orchestrating an £87 million ($116 million) Ponzi scheme through their car-financing company testified at trial in London on Thursday that it was "common knowledge" among staff that the business was facing problems.
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September 17, 2026
The London Metal Exchange is being accused of abusing its dominance by failing to install safeguards, in a new attempt to hold the market liable for the disorder that followed a surge in nickel prices in 2022.
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September 17, 2026
A Milan court convicted six individuals of participating in a €520 million ($597 million) value-added tax fraud scheme involving electronics that was bankrolled by an Italian crime syndicate, the European Public Prosecutor's Office said Thursday.
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September 17, 2026
Gabon Bank has denied liability for a €25 million ($28.6 million) claim brought by African Export-Import Bank, arguing that the payment arose from a fraudulent fuel transaction that Afreximbank knew about, or should have.
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September 17, 2026
Apple Inc. and transparency campaigners urged a London tribunal Thursday to force the U.K. government to acknowledge whether it has imposed a restriction on the consumer tech giant's end-to-end encryption services for users in Britain.