The European Commission told Belgium on Thursday to amend its use of a European Union law against tax avoidance, citing three areas that the country should revise.
A judge has refused to toss out Johnny Depp's libel suit against the publisher of The Sun newspaper after the actor's legal team failed to disclose text messages about his drug use, saying on Thursday that he accepted it was done in error.
An international law enforcement operation smashed a syndicate accused of defrauding the Hungarian government of €9.7 million ($10.9 million) in value-added tax, Europol announced Wednesday.
The U.K.'s competition authority called on the government Wednesday to set up a new regulatory system to help rein in the power of Facebook, Google and other major technology platforms that generate money through digital advertising.
Shortening trading hours could be bad for investors and create an uneven playing field for markets, the Brussels-based Federation of European Securities Exchanges has said, rejecting calls by British-based trade associations to make the working day shorter.
A London judge agreed Wednesday to let Mozambique amend its lawsuit against a United Arab Emirates shipbuilder in its dispute with Credit Suisse over a $2 billion fraud and bribery scheme, rejecting claims the country had sued a company that no longer existed.
The U.K.'s antitrust regulator on Wednesday said it has fined a private hospital group and several eye disorder specialists more than £1.2 million ($1.4 million) total for colluding for almost two years to raise prices for initial consultations.
Senior managers at G4S PLC "turned a blind eye" to the security and outsourcing giant's long-running practice of overcharging the British government for electronic tagging of offenders, institutional investors have alleged in a lawsuit claiming the group inflated its share price.
Police and prosecutors raided Wirecard's head office in Germany and four other properties on Wednesday in a widening investigation into alleged fraud linked to €1.9 billion ($2.1 billion) missing from the company's accounts.
The number of people in the U.K. who have invested in cryptocurrencies has risen, even though they appear to be aware of the lack of regulatory protection and high volatility associated with digital money, research from the Financial Conduct Authority has shown.
Thousands of small businesses across the U.K. could see their financial futures turn on a High Court test case brought by the Financial Conduct Authority later this month, an action that could set new precedents for insurance law and the speed of the legal process.
Former Indivior CEO Shaun Thaxter pled guilty in Virginia federal court Tuesday to a misdemeanor for failing to prevent the company from giving misleading safety statistics to Massachusetts officials as part of a marketing campaign for one of the company's opioid addiction treatments.
A London judge has refused to reconsider his ruling that aviation magnate Farhad Azima defrauded an Emirati state-owned fund, saying Tuesday that a Dechert attorney's incorrect testimony at trial did not alter the substantive findings against the Arab-American businessman.
The former chairman of a British-based mining investment company does not have a right to sue Lloyds Bank PLC over millions of pounds worth of swaps linked to Libor, the lender argued as it denied engaging in deceit or misrepresentation.
A London appellate court ruled Tuesday that U.S. sanctions targeting a Cypriot lender's Russian owner justify Cynergy Bank's withholding millions of pounds of interest payments on a £30 million ($37 million) loan from that lender.
Dozens of investors, including former soccer and cricket players, have settled claims against British banks Coutts, NatWest and Royal Bank of Scotland and a financial adviser as part of a lawsuit against 150 companies and individuals over a failed tax relief scheme.
A judge ruled in favor of the Financial Conduct Authority on Tuesday, finding that two companies and three of their directors violated financial market rules by giving unauthorized and misleading advice to more than 2,000 consumers about their retirement investments.
The Financial Conduct Authority said Tuesday that it will give regulated financial businesses more than three extra months to assess the competence of their "certified persons," in a step to provide relief to banks and insurers struggling with the economic fallout of COVID-19.
Investment companies in Ireland have been asked to provide clients with clearer information on their products before they sign them up, after it emerged that some businesses are simply "ticking boxes," the Central Bank of Ireland said.
A judge has shut down an online cryptocurrency trading company that claimed to be backed by high-profile entrepreneurs after it lost £1.5 million ($1.8 million) in clients' cash, a government agency said Tuesday.
Britain's financial regulator allowed Wirecard AG to resume its operations in the U.K. on Tuesday, with restrictions on where it can hold its customers' cash, as the North American subsidiary of the German payment company put itself up for sale.
The U.K.'s antitrust regulator fined two musical instrument companies a total of £5.5 million (about $6.7 million) on Monday for engaging in a practice that sets a minimum price for their products on the online retail market.
Lawyers for Argentina asked a London judge Monday to strike out claims brought by four investment funds over the country's decision to adjust calculations and avoid a bond payout, calling the allegations "inherently implausible."
The Pensions Regulator said in a strategy paper published Monday that its focus for the year would be on protecting long-term savers, while also being mindful of the solvency of employers during the COVID-19 pandemic.
U.S. prosecutors have failed to show their new indictment against Julian Assange to his legal team, lawyers for the WikiLeaks founder told a judge at a London court on Monday as they warned that the timing of the fresh allegations could delay the case to extradite him.
A recent Law360 guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.
While all formal ratification procedures for the U.K.'s departure from the European Union have been completed, the transitional period will bring an enormous range of trade, customs and regulatory issues, say attorneys at Mayer Brown.
It may be sensible for the U.K. to introduce free ports — government-designated areas of little or no tax — to boost trade with other countries, but they could also create opportunities for major financial crime, says Stephen Baker of Baker & Partners.
Account freezing orders, one of the enforcement powers introduced by the U.K.'s Criminal Finances Act, are not as well-known as unexplained wealth orders but have arguably been a more effective weapon against economic crime and will be increasingly deployed by enforcement agencies in the future, says Ross Dixon of Hickman & Rose.
Despite ongoing civil claims, the Serious Fraud Office has most likely closed its investigation into Libor rate manipulation due to the comparative difficulty of securing criminal convictions, and is unlikely to bring further charges unless significant new evidence comes to light, says Anthony Hanratty of BDB Pitmans.
The European Commission's competition regulator has launched an investigation into Google's data collection practices, indicating a continued focus on the advertising technology sector amid growing public concerns over privacy, says Elizabeth Kilburn of Wedlake Bell.
Attorneys who take the time and the risk to showcase their talents through speaking, writing and teaching will find that opportunities will begin building upon themselves, says Daniel Karon of Karon LLC.
While deferred prosecution agreements can seem attractive, the recent acquittal of Guralp executives accused of conspiracy to make corrupt payments shows that such deals may not always be in a company’s best interests, says Aziz Rahman of Rahman Ravelli.
A recent legal statement from the U.K. Jurisdiction Taskforce clearing up the status of cryptoassets and smart contracts reaffirms the flexibility of English law, but leaves matters of data protection and treatment of related assets in question, say Mark Dawkins and Jenny Arlington of Akin Gump.
Two recent cases from the High Court of Justice and the Court of Appeal shed light on how English appeals courts consider the principle of comity when one jurisdiction exposes a person to criminal prosecution for conduct required by the law of another jurisdiction, says Nick Barnard of Corker Binning.
In 2020, law firms throughout the U.K. will be increasingly reshaped by rapid changes in societal expectations and advances in technology, say Helen Rowlands and Niya Phiri of Clyde & Co.
As 2020 arrives, we may see new products and initiatives in litigation finance that we can’t imagine yet, but one thing is clear — this industry is well past its earliest stage and is entering a very active growth spurt, says Ralph Sutton of Validity Finance.
Recent declarations by the Financial Conduct Authority and Prudential Regulation Authority indicate that sexual harassment in the U.K.'s financial services industry may lead to consequences under the newly expanded Senior Managers and Certification Regime, and other sectors are facing growing scrutiny as well, say attorneys at Covington.
As another year draws to a close, Aisling O'Shea and Nicholas Brechbill at Sullivan & Cromwell take a look at some of the most important U.S. anti-corruption enforcement trends.
Although English civil and criminal liability frameworks that apply to artificial intelligence systems seem likely to be reformed in the near future, those operating in the AI space should manage existing legal risks in the meantime, say Ben Hughes and Russell Williamson of Bird & Bird.