Financial Services UK

  • October 05, 2026

    Property Investor Claims £20M Over Shoreditch Hotel Defects

    A Luxembourg real estate debt investment company has sued an engineering consultancy and a design firm for £20 million ($26.4 million), alleging that defects in a Shoreditch hotel development caused a sale to fall through.

  • October 05, 2026

    FCA Redress Program 'Fatally Flawed,' Lenders Tell Tribunal

    Motor finance lenders and a consumer advocacy body labeled the Financial Conduct Authority's redress program as fundamentally flawed at the Upper Tribunal on Monday, with some asking to allow expert witnesses to challenge the assumptions.

  • October 05, 2026

    SEC Censures JPMorgan Over Disqualified Swaps Trader

    JPMorgan Securities and JPMorgan Chase Bank have agreed to a cease-and-desist order and a censure from the U.S. Securities and Exchange Commission to resolve claims that the firms allowed a person who was statutorily disqualified due to a violation in the U.K. to effectuate security-based swap transactions.

  • October 05, 2026

    Lessors Say Reinsurers Owe $4B For Planes Stuck In Russia

    Reinsurers cannot refuse multibillion-dollar claims for planes stranded in Russia on the basis that they're not covered by reinsurance policies arranged by airlines, a group of lessors told the opening of trial Monday.

  • October 05, 2026

    Clean Energy Fund Sued For £2.8M In Grid Connection Costs

    A renewable energy investment fund has been sued by solar energy company Enviromena for £2.8 million ($3.7 million), after a project it acquired from the fund had higher grid connection costs than expected.

  • October 05, 2026

    A&L Goodbody-Led Permanent TSB Rejects Rival Buyout

    Permanent TSB Group rejected a potential takeover offer from investment firm Axis Capital Ltd. on Monday, saying it was focused instead on completing an agreed takeover by another rival.

  • October 05, 2026

    Asset Manager Team To Buy Rival For At Least £3M

    Asset manager Team PLC said Monday that it has agreed to buy wealth manager Hedley & Co. Stockbrokers Ltd. for at least £3 million ($4 million) as it seeks to expand in the U.K. and boost profitability.

  • October 02, 2026

    BitGo Breached Token 'Lock-up' Period, $141M Suit Claims

    Digital asset infrastructure company BitGo has been sued for $141 million by two companies linked to crypto market maker DWF Labs, who allege BitGo caused a drop in token value by releasing tokens it had bought from them onto the market in breach of an agreed "lock up" period.

  • October 02, 2026

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

    The past week in London has seen former West Ham United co-chair David Sullivan file a defamation claim against the BBC, British rock band Oasis sue its former sound engineer to halt an auction of recordings, and Home REIT sued by its shareholders for misleading statements about the company's portfolio.

  • October 02, 2026

    Consumer Voice CEO Mulls Car Loan Redress Shortcomings

    Legal challenges to the Financial Conduct Authority's motor finance redress program will reach a crucial stage on Oct. 5, when the Upper Tribunal begins a two-day hearing on scheduling its decision and whether to allow expert witnesses.

  • October 02, 2026

    Investors Lose €50M Fraud Appeal Over Fund Conflict Claim

    An Italian investment vehicle can't revive a €50 million ($56.4 million) fraud case, after an appeals court held Friday that a wealth manager was not obligated to disclose all facts material to their investments.

  • October 02, 2026

    Home REIT Hit With £120M Claim Over Misleading Statements

    More than 800 shareholders in Home REIT have sued the investor in social housing for £120 million ($158 million), seeking compensation for losses caused by allegedly "misleading statements" the company made about itself and its property portfolio.

  • October 02, 2026

    FCA Survey Highlights Sector's Regulatory Burden Concerns

    Regulatory burdens remain a persistent concern for the U.K.'s financial services firms, the Financial Conduct Authority warned Friday, with companies questioning whether its streamlining efforts really are driving tangible reductions in costs and administrative work.

  • October 02, 2026

    European Bank To Buy Stake In Lender For Up To €64M

    The European Bank for Reconstruction and Development said Friday that it plans to acquire a 5% stake in AikGroup for up to €64 million ($72 million) to support the lender's expansion across the Adriatic region.

  • October 02, 2026

    Judge Orders Redraft Of €37M Real Estate Debt Defense

    A real estate businessman has lost part of his defense and his entire counterclaim in a €37 million ($41.6 million) debt dispute as a court struck them out, citing his "surprisingly severe" failure to disclose any reasonable grounds for defending against the claim.

  • October 02, 2026

    Ex-HSBC Banker Banned For Dodging £6K In Train Fares

    The Financial Conduct Authority has banned a former HSBC banker from working in regulated financial services in the U.K. after he was convicted of fraud for repeatedly evading train fares.

  • October 01, 2026

    Secure Trust Sues Property Developers Over £13.8M In Loans

    A retail bank has sued two property developer brothers to recover £13.8 million ($18.2 million) in loans it advanced to three collapsed real estate companies linked to the men.

  • October 01, 2026

    FCA Pledges Review After Whistleblower's Death

    The Financial Conduct Authority has promised to review its engagement with a prolific whistleblower who died shortly after losing an employment tribunal claim against his former Wall Street employer. 

  • October 01, 2026

    Brazilian Fintech Not Pursuing Rumored £10B Deal For Monzo

    The parent company of Brazil's Nubank has said it is not pursuing a takeover of Monzo, in response to media speculation of a £10 billion ($13 billion) takeover of the British digital bank.

  • October 01, 2026

    Investment Manager Loses EU Bid For 'MarketVector' TM

    A European court has dismissed investment manager Van Eck's bid to register a trademark for "MarketVector Indexes," ruling that clients could mistakenly believe it was linked to a rival's earlier "Vector Fund" branded range of services.

  • October 01, 2026

    AMLA Sets Out New Client Checks To Combat Financial Crime

    The European Union's financial crime watchdog has finalized draft requirements setting out when companies must check customers, how they should verify identities and what information corporate groups must share to combat money laundering and terrorist financing.

  • October 01, 2026

    ESMA Calls For Stronger Crypto Regulation To Curb Risks

    ​The European Union's securities regulator has called for changes to the bloc's crypto-asset rules to strengthen investor protection, close regulatory gaps and provide clearer rules for emerging services including decentralized finance, staking, lending and borrowing.

  • October 01, 2026

    DBS, ING Provide $1.3B Loan For London Office Refurb

    DBS Bank and ING Bank have provided property investors with a loan of 1.72 billion Singapore dollars ($1.34 billion) to finance the refurbishment of a major office and retail development in the City of London.

  • October 01, 2026

    EU Seeks To End Cancer Survivors' Barriers To Insurance

    The European Commission has proposed measures that will require member states to bar financial services providers from considering a person's cancer history when they assess risk after a specified period.

  • September 30, 2026

    Climate Risk Repricing Threatens UK, Bank Of England Says

    The Bank of England said Wednesday that the secondary effects of climate change on sovereign and corporate bond markets were the biggest threat to the U.K.'s financial stability. 

Expert Analysis

  • Saxon Woods Ruling Clarifies Directors' Duty Of Good Faith

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    The U.K. Supreme Court’s recent landmark judgment in Saxon Woods sends a clear message to businesses that a director's conduct must withstand objective scrutiny, affirming that even if an individual believes they are acting in the company's best interests, they cannot deceive fellow board members, says Richard Clayman at Kingsley Napley.

  • Sanctions Spotlight: Rise Of Trade Measures In The UK

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    With HM Revenue & Customs' recent settlement with Petrofac marking the first public naming of a company for breaches of U.K. trade sanctions, and regulators demonstrating an increasing emphasis on systems and controls, there is clearly a more complex landscape evolving that businesses need to navigate, says Alexandra Melia at Steptoe.

  • 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.

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