Financial Services UK

  • September 30, 2026

    Deep Pockets Fuel Shareholder Claims Despite Few Rulings

    Shareholder claims against listed companies continue to attract investors and funders despite the lack of a clear, trial-tested route to recovery for group actions, as lawyers say that the potential value of the claims and the prospect of settlement can make the legal uncertainty worth taking on.

  • September 30, 2026

    Ex-NCA Officer Ordered To Repay £1.8M After Bitcoin Theft

    A former National Crime Agency officer will have to repay more than £1.8 million ($2.7 million) after he stole 50 bitcoins during an investigation into dark web drug dealing, prosecutors said on Wednesday.

  • September 30, 2026

    Knight Frank Faces £17M Claim Over Property Valuations

    An investment firm has sued Knight Frank LLP for £17.2 million ($22.8 million), alleging that the property adviser negligently overvalued a portfolio of residential properties used to secure an £80 million loan.

  • September 30, 2026

    Crypto Firms Can Seek FCA Approval As New Gateway Opens

    Crypto firms can now apply to the Financial Conduct Authority for permission to operate, as part of a wider push to strengthen the U.K.'s position as a global hub for crypto-assets, the City regulator said Wednesday.

  • September 30, 2026

    Court Rescues Co. Wrongly Charged £1.7M For Bitcoin Scam

    The Court of Appeal has overturned a judgment requiring a cryptocurrency exchange to pay £1.7 million ($2.3 million) to the victim of a bitcoin scam, finding that the company was blameless and the order based on flawed evidence.

  • September 30, 2026

    K&S Law-Led Liontrust To Buy Fund Manager Unit For £10M

    Liontrust said Wednesday it has agreed to purchase Hawksmoor Investment Management's fund management and model portfolio services business for up to £10 million ($13.3 million) in cash to expand its client base.

  • September 30, 2026

    Nuveen's £10B Takeover Of Schroders Wins Court Approval

    Nuveen can proceed with its £9.9 billion ($13.2 billion) takeover of Schroders after the High Court sanctioned the deal, clearing the way for the City investment manager to be taken private.

  • September 29, 2026

    Binance Unauthorized Derivatives Claim Swells To £250M

    More than 1,000 investors have joined a group action case accusing Binance of illegally selling them high-risk derivatives products, increasing the value of the claim to £250 million ($331 million), their lawyers said Tuesday.

  • September 29, 2026

    AI Smashes Defenses Of Crypto Applicants For FCA Regime

    Criminals using artificial intelligence could smash through the systems and controls of many crypto businesses planning to apply for authorization under the Financial Conduct Authority's crypto regime in the six-month window that starts Wednesday, lawyers have warned.

  • September 29, 2026

    Paralegal Loses Appeal To Revive Case Against Recruiter 

    A paralegal has lost his bid to revive discrimination claims against the Financial Ombudsman Service and a recruitment agency, after a tribunal found he missed the deadline to appeal by six days. 

  • September 29, 2026

    Barclays Wins Approval For Targeted Investment Support

    The Financial Conduct Authority has approved Barclays' plan to reach new customers with more personalized investment advice, the bank said Tuesday.

  • September 29, 2026

    MFS Boss Blames Barclays For Collapse In £1.3B Fraud Case

    The former owner of Market Financial Solutions has denied siphoning off £1.3 billion ($1.7 billion) from the property finance business, blaming Barclays for its collapse.

  • September 29, 2026

    Julius Baer Must Hold Extra Capital As Swiss AML Probe Ends

    Julius Baer must hold at least 250 million Swiss francs ($300 million) in additional capital and obtain regulatory approval for payments to shareholders after Switzerland's financial regulator found Tuesday that the bank breached risk management and anti-money-laundering requirements.

  • September 28, 2026

    British Airways Beats £5.8M Tax Bill For Worker Hotel Stays

    Money that British Airways spent on London hotel rooms for cabin crew members working back-to-back shifts was not employee income subject to nearly £5.8 million ($7.7 million) in taxes, a U.K. court ruled Monday, saying the funds were deductible travel expenses.

  • September 28, 2026

    Scottish Broker Accused Of Embezzlement Ruled Bankrupt

    The Financial Conduct Authority on Monday said it has secured a bankruptcy order against a Scotland-based insurance broker who is currently awaiting trial on embezzlement charges. 

  • September 28, 2026

    SocGen, Vodafone Get EU Approval For German Fiber Co. Buy

    The European Commission said Monday it has cleared banking giant Société Générale and telecoms company Vodafone GmbH's plan to jointly own German fiber network OXG Glasfaser.

  • September 28, 2026

    FCA Secures Refund For Victims Of £1.5M Crypto Fraud

    The Financial Conduct Authority said Monday it has secured more than £850,000 ($1.1 million) in confiscation orders against two individuals involved in a £1.5 million crypto-investment fraud.

  • September 28, 2026

    Binance, Kraken Bid To Decertify Shrunken BSV Class Action

    A group of cryptocurrency exchanges urged the Competition Appeal Tribunal on Monday to toss out a class action by crypto traders, arguing that the greatly reduced value of the once £10 billion ($13.3 billion) claim means that litigation costs outweigh benefits to the class.

  • September 28, 2026

    EU Watchdog To Expand Supervisory Reach In 2027

    The European Union's markets watchdog said Monday that it will expand supervision in several financial sectors in 2027 and step up efforts to align member states' oversight of crypto-asset companies.

  • September 28, 2026

    2 Men Deny Role In Alleged Tax Avoidance Scheme

    Two men accused of defrauding the government by running a tax-avoidance scheme pled not guilty on Monday, with a trial due to be held in spring 2027.

  • September 28, 2026

    Irish Landlord Open To €727M Approach From Barings

    Irish Residential Properties said Monday that it is open to being acquired by asset manager Baring International Investment for approximately €727 million ($827 million) in a proposed cash takeover offer.

  • September 25, 2026

    Online Gambling Co. Wins £13M Tax Appeal Over Free Spins

    A gambling company isn't liable for about £13.2 million ($17.5 million) in U.K. remote gaming duties because free spins it awarded as prizes from a game for new users qualified for an exclusion from those duties, a London court said Friday.

  • September 25, 2026

    EU Banking Regulator Calls For Tougher Crypto Rules

    The European Union's banking regulator Thursday urged the European Commission to tighten rules on stablecoins and bring lending and decentralized finance platforms under the bloc's crypto rules.

  • September 25, 2026

    Gupta Denies Knowing $7M Nickel Shipment Was Fake

    Indian metals tycoon Prateek Gupta has hit back against a $7 million claim by a U.K. commodities trader, denying fraudulently misrepresenting that a cargo of worthless metal was valuable nickel.

  • September 25, 2026

    Gaps In FCA's Crypto-Regime Leave Insider Dealing Risk

    Gaps in the City watchdog's new crypto rules will exacerbate the risk of insider trading because of inconsistencies pointed out by lawyers over how exchanges will share price-sensitive information and disagreements on the digital-related definition of such data.

Expert Analysis

  • Entain Ruling Offers Parties Key E-File Guidance

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    The U.K. Commercial Court’s recent decision in Various Claimants v. Entain PLC provides guidance for the first time for those navigating a court document filing pilot scheme, offering a practical template for parties to litigation involving sensitive issues by balancing transparency obligations with legitimate confidentiality concerns, say lawyers at HSFK.

  • Series

    Practice Leader Insights From Mayer Brown's Ronan Mellon

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    Ronan Mellon, Mayer Brown's finance office practice lead, discusses how working in the City is like a parallel universe to growing up in rural Ireland, the challenges of working on a bond refinancing with a highly complex escrow arrangement, and why he is a fan of client secondments for junior lawyers.

  • BlueCrest Decision Tightens Test For LLP Tax Treatment

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    The U.K. Supreme Court’s recent judgment in HMRC v. BlueCrest Capital Management clarifies the tax framework for assessing whether limited liability partnership members are genuinely operating as partners or should be treated as employees, which is likely to be significant far beyond the hedge fund sector, say lawyers at Stewarts Law.

  • EU Ruling Creates Clear Separation Of Sanctions, AML Risks

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    A recent ruling from the Court of Justice of the European Union bars banks from automatically denying basic payment accounts based on U.S. sanctions listings, emphasizing the distinction between sanctions and money laundering risks while preserving significant discretion following individualized assessments, says Vaïk Müller at CMS.

  • FCA Letter Highlights Football Clubs' Crypto Deal Risks

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    The Financial Conduct Authority’s recent warning to Premier League football clubs about sponsorship arrangements with unauthorized crypto-asset businesses demonstrates its concerns over unlawful financial promotions and anti-money laundering compliance failures, both of which run the risk of significant reputational damage and criminal prosecution, says Sushil Kuner at Freeths.

  • Series

    Practice Leader Insights From Norton Rose's Jonathan Herbst

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    Jonathan Herbst, Norton Rose's global head of financial services, discusses the importance of encouraging a team as a whole, how increasingly complex regulation means that deals come down to managing risk across multiple regimes, and why incremental short-term goals are just as important as longer-term plans.

  • UK Bill Would Transform Commercial Payments Terms

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    A bill recently introduced to Parliament, if enacted, would replace significant areas of contractual freedom concerning payment terms with mandatory rules that would fundamentally alter the balance of power between smaller suppliers and larger counterparties, says Sam Cooper at Crowell & Moring.

  • Int'l Bribery Enforcement Takeaways After SFO Conference

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    While the U.K. Serious Fraud Office's recent conference demonstrated a global consensus on the importance of combating bribery and corruption, lagging enforcement from U.S. and U.K. regulators suggests that muscular supranational agencies may soon step up to lead cross-border investigations, say lawyers at Addleshaw Goddard.

  • UK-Gulf Trade Deal Offers Key Benefits, But Hurdles Remain

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    The U.K.’s recent free trade agreement with the Gulf Cooperation Council is expected to deliver U.K. businesses a competitive advantage, with simplified procedures and tariff removal across manufacturing, services and digital trade sectors, but navigating Gulf regional tensions and differing regulatory regimes will create challenges, say lawyers at King & Spalding.

  • Crypto Sector Sees Tougher Sanctions Compliance Demands

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    The U.K. government’s recently announced Russian sanctions package focusing on crypto-assets is a clear indication that authorities consider the crypto sector a major enforcement area, firmly within the scope of financial sanctions law, says Thomas Cattee at Gherson Solicitors.

  • AI Puts Financial Firms' Human Accountability To The Test

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    A recent Financial Services Skills Commission report illustrates the paradox that artificial intelligence increases the need for human oversight while automating the pathways through which that expertise is developed, and financial firms whose governance evolves at pace with technology are poised to benefit the most, say Louise Neave and Jack Paul at Fox Williams.

  • Why Tonzip Is Notable In English Sanctions Law Development

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    The Court of Appeal's ruling in Tonzip Maritime Ltd. v. 2Rivers Pte Ltd., the latest in the English law of sanctions ownership and control, confirms that where a contract refers to sanctions exposure, the relevant question may be whether there is a real and objectively reasonable risk, not whether a sanctions breach has already been proved, say lawyers at Michelman Robinson.

  • How Firms Can Prepare For Increasing AI-Cybersecurity Risks

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    The growing convergence between cybersecurity and artificial intelligence means that businesses need to recognize the breadth of the threat, and conduct repeated testing and adjustment to address the shifting risk landscape, say lawyers at Debevoise.

  • What EU Coalition's 6-Point Proposal Means For Market Regs

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    The European Union’s recent position paper sent to the European Commission from its six largest economies is a serious political signal that businesses should treat as an indicator that European market regulation is heading toward deeper integration and stronger supervision, says Antonio Lanotte at Futura Law.

  • EU Protocol Strengthens Int'l Criminal Asset Recovery Powers

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    The Council of Europe’s recently adopted protocol to the Warsaw Convention marks a significant evolution in the international asset recovery landscape, signaling a focus on proactive and coordinated methods that require organizations to consider how to respond quickly to unexpected enforcement action, say lawyers at Trowers & Hamlin.

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