Financial Services UK

  • September 11, 2026

    KPMG Investigated Over Prax Group's State Oil Audit

    The U.K. accounting regulator said Friday that it is investigating KPMG, PKF Littlejohn and an accountant over audits of State Oil, part of collapsed oil business Prax Group.

  • September 11, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Pogust Goodhead embroiled in a legal dispute with claimants in the Mariana dam litigation, and be sued by a barrister who represented it during the case, and Mexican broadcaster TV Azteca file commercial fraud claims against Barclays and Metro Bank.

  • September 11, 2026

    Airbnb Wins EU Row Over 'Abnbx' Crypto Software Mark

    Airbnb has won a bid to invalidate a German company's "Abnbx" trademark after European officials found that the mark was deliberately chosen to "piggyback" on the holiday rental giant's reputation.

  • September 11, 2026

    Premier League's £10M Stays Frozen Over Crime Suspicions

    The Premier League lost its bid to unfreeze over £10 million ($13.5 million) in accounts when a London judge ruled Friday that they should remain frozen until January, finding grounds to suspect the money could be criminal proceeds.

  • September 11, 2026

    Gov't Says FCA 'Competitiveness' Mandate Will Save £1.6B

    The government said a new requirement for watchdogs to consider U.K. competitiveness when they develop regulations will boost the economy by £1.6 billion ($2.2 billion) over the next decade.

  • September 11, 2026

    Oligarch's Estate Can Run Matrimonial Law Case In $3B Fight

    The widow and daughter of a Russian tycoon have failed to prevent a representative for his estate from pursuing Ukrainian matrimonial asset arguments in the English court, the latest development in their long-running $3 billion inheritance dispute.

  • September 11, 2026

    Ex-Goodwin M&A Lawyer Pleads Not Guilty To Insider Trading

    A former Goodwin Procter lawyer pleaded not guilty to insider trading at a London court on Friday over allegations that he traded securities while working on a deal to take a British maternity-wear company private.

  • September 11, 2026

    FCA Accuses 5 Men Of Running £4M Water Bottling Fraud

    Five men fleeced investors out of £4 million ($5.4 million) in an "elaborate" scam involving water bottling projects that failed to produce a single drop of liquid, prosecutors said at the start of a trial on Friday.

  • September 10, 2026

    MFS Unit Administrator Exits Amid Concerns Over Link To Owner

    An administrator for a unit of Market Financial Solutions voluntarily left his post on Thursday after creditors of the collapsed mortgage lender raised concerns about a potential conflict of interest.

  • September 10, 2026

    Touchstone Investor Pleads Guilty To Fake Takeover Bid

    A shareholder in Touchstone Exploration Inc. pleaded guilty Thursday to fraud and forgery charges after creating a fake takeover approach for the AIM-listed energy company to artificially boost its share price, the Financial Conduct Authority said.

  • September 10, 2026

    OpenAI Can't Block Developer's 'ChainGPT' TM In UK

    OpenAI has failed to stop an AI blockchain platform from registering the trademark "ChainGPT" after U.K. officials said consumers wouldn't confuse the sign with ChatGPT because the name itself was too descriptive.

  • September 10, 2026

    ESMA Flags 'Rife' Insider Trading Risk In Prediction Markets

    Prediction markets are "rife" with insider trading, the European Union's markets watchdog warned on Thursday as it said that the fast-growing sector required continued monitoring.

  • September 10, 2026

    Woodville Paid £37M To Director-Linked Firms Before Collapse

    Motor finance litigation-funder Woodville paid upward of £37 million ($50 million) to companies connected to its directors before it collapsed into administration, according to a report by the administrators.

  • September 09, 2026

    Fraudulent Co. Can't Claw Back Doctors' Pay, UK Court Says

    An umbrella company that was shuttered for tax fraud, along with its liquidators, cannot claw back overpayments to two doctors resulting from the company not collecting payroll taxes, a London court found Wednesday.

  • September 09, 2026

    Mastercard Sued By 300 Hotels In Latest Swipe-Fees Case

    A group of 300 hotel companies has brought a competition claim against Mastercard, the latest in a series of swipe-fee dispute claims the payments giant has faced.

  • September 09, 2026

    Euroclear Beats Sacked Sales Manager's Commission Claim

    Euroclear has beaten a sales manager's claim for commission on its deal to acquire a fintech startup in 2023, with a tribunal finding he was barred from receiving commission after his employment at the startup ended. 

  • September 09, 2026

    Citi Fine Warns Firms To Stress-Test Sanctions Controls

    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.

  • September 09, 2026

    Roman Abramovich Loses 3rd EU Sanctions Challenge

    Roman Abramovich failed on Wednesday in his third attempt to lift European Union sanctions against him after a court ruled that the billionaire was designated over activities "providing substantial revenue" to Russia.

  • September 08, 2026

    Potanin Wins Rusal Disclosure Fight Over Russian Data Law

    One of Russia's richest men won a fight over disclosure of documents Tuesday, in litigation involving the alleged defrauding and mismanagement of a nickel miner, when a London judge found that Russian law required personal data in disclosed documents to be redacted.

  • September 08, 2026

    Wider FCA Misconduct Reference Rules Set To Spur Litigation

    Finance firms are bracing for a surge in disputes over obligatory references after non-financial misconduct rules were extended to 37,000 non-bank firms, legal experts say.

  • September 08, 2026

    CBRE Wins Tower Rent Row Over JLL's €920M Valuation

    CBRE defeated allegations Tuesday that it pressured JLL to undervalue a 36-story Brussels skyscraper after a court found its €920 million ($1.1 billion) assessment legitimate despite shortcomings in its work.

  • September 08, 2026

    FCA Warns Of Risks In National Defense For Regulated Sector

    The Financial Conduct Authority has warned that financial firms have gaps in identifying shared risks and dependencies that could leave the sector exposed to rising geopolitical and defense threats.

  • September 08, 2026

    German Banking Group Can't Block 'Foxbank' TM In EU

    A German banking association has lost its challenge against a Swiss investment group's "Foxbank" trademark, failing to convince a European Union panel that consumers could mix up the name with its existing "Volksbank" trademark.

  • September 08, 2026

    FOS Must Pay Banks' Costs Despite Fears Of Chill Effect

    The Financial Ombudsman Service has been ordered to pay most of the costs incurred by four banks which successfully challenged the regulator's approach to consumer credit complaints.

  • September 08, 2026

    FCA Axes Firm's AML Registration Over Ignored Info Demands

    The Financial Conduct Authority has said that it has canceled a financial services company's registration for anti-money laundering purposes after it ignored the regulator's "numerous attempts" to obtain information.

Expert Analysis

  • What EU Securitization Proposals Signal For Risk Transfers

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    If implemented, recent amendments to the European Union securitization framework are expected to have an unambiguously positive effect on significant risk transfer markets, providing greater consistency and necessary flexibility, say lawyers at McDermott.

  • Role Of UK Investment Act Is Evolving In M&A Deals

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    With merger and acquisition activity likely to increase in light of the government’s new defense industrial strategy, the role of the National Security and Investment Act will come into sharper focus, and its recent annual report confirms that scrutiny is intensifying, say lawyers at Kingsley Napley.

  • What To Know About EU's Reimposition Of Sanctions On Iran

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    Lawyers at Steptoe discuss the European Union’s recent reimposition of trade and financial sanctions against Iran, which will introduce legal and operational constraints that affect EU companies' commercial activities in the region.

  • FCA Crypto Proposals Herald Tougher Oversight For Firms

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    The Financial Conduct Authority’s recent proposals to extend regulation to crypto-asset activities will bring parity, but implementation of the operational resilience requirements and enhanced financial crime controls will present compliance challenges, says Michelle Kirschner at Gibson Dunn.

  • EU Investment Reporting Rules Letup Signals Pragmatic Shift

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    While investment companies remain subject to far-reaching disclosure obligations under the Foreign Subsidies Regulation, new guidance from the European Commission on reporting passive limited partner commitments represents a drastic simplification and burden reduction, say lawyers at Paul Weiss.

  • SFO's 2-Year Transformation Signals Crackdown On Fraud

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    Two years after Nick Ephgrave’s appointment as director of the Serious Fraud Office, the introduction of new corporate criminal offenses and strengthened investigative methods sends a clear message to corporations that the agency is delivering on its promise to be bolder and more proactive about tackling fraud, say lawyers at BCL Solicitors.

  • What To Know About Interim Licenses In Global FRAND Cases

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    Recent U.K. court decisions have shaped a framework for interim licenses in global standard-essential patent disputes, under which parties can benefit from operating on temporary terms while a court determines the final fair, reasonable and nondiscriminatory terms — but the future of this developing remedy is in doubt, say attorneys at Fish & Richardson.

  • How EU And UK Consumer Loan Protections Are Shifting

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    As market evolution and digitalization motivate both the European Union and the U.K. to revamp consumer protections around lending, the potential for divergence between these rules will pose new challenges for cross-border consumer credit lenders, say lawyers at Skadden.

  • EBA Guidance Shakes Up EU Securitization Market Practices

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    Although the European Banking Authority’s recent questioning of the common use of conditional sale agreements to season assets when setting up securitizations has come as an unwelcome surprise, competent regulators are expected to follow the EBA guidance, even though as a Q&A response it is not legally binding, say lawyers at Debevoise.

  • Landmark VAT Ruling Should Shift HMRC Reply On Guidance

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    The recent decision in Hotelbeds Ltd. v. Revenue and Customs Commissioners on the recovery of input tax, confirming that HMRC is bound to comply with its own guidance, will make the agency rethink its usual response to allegations that the policy was not law, say lawyers at Kennedys.

  • Evolving General Partner Stakes Market Brings Opportunities

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    The rapid increase in investment in general partner stakes by private capital managers indicates its advantages over both strategic sales and initial public offerings, including the ability to retain greater operational control over the business and to avoid the scrutiny that accompanies a listing, says Nicholas Page at Macfarlanes.

  • How UK Proposal On Late Payments Could Affect SMEs

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    The U.K. government’s ongoing late payments consultation would claw back much-needed leverage for small and midsize enterprises negotiating with large organizations, should the reforms be implemented as proposed, say lawyers at Shoosmiths.

  • Waldorf Ruling Signals Recalibration For Restructuring Plans

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    The recent High Court landmark judgment refusing to sanction Waldorf Production PLC's restructuring plan underscores a change in the way courts assess whether such plans are fair, indicating not their demise but a pivotal moment in their evolution, say lawyers at Simpson Thacher.

  • Key Points From UK And Japan's Antitrust Cooperation Pact

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    The memorandum of cooperation recently signed between the U.K. and Japan to promote collaboration in competition law enforcement is a meaningful step that offers cross-border businesses an improved foundation for earlier alignment and better risk management, say lawyers at Steptoe.

  • Opinion

    New US-UK Tech Deal Offers Opportunities To Boost Growth

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    The recently announced U.S. and U.K. Technology Prosperity Deal, encouraging businesses on both sides of the Atlantic to work together toward technological advance, will drive both investment in U.K. capabilities and returns for U.S. investors, says Peter Watts at Hogan Lovells.

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