Tecnimont Must Disclose Emails In €212M Bond Dispute

By Sophia Dourou

A Russian subsidiary of fertilizer producer EuroChem convinced a court Friday to compel industrial group Tecnimont to produce its communications with the Italian sanctions authority, days after the trial over the €212 million ($245 million) bond dispute kicked off.

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UK Businessman Defends Asset Transfer As Tax Strategy

By Josh White

A British businessman denied that he transferred a company to his son to defraud a creditor, arguing it was part of a long-term tax strategy rather than a tactic to avoid repaying £4.7 million ($6.4 million) in debt.

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FCA Sees 'More To Do' In Reshaping Regulation For Growth

By Martin Croucher

The Financial Conduct Authority responded Friday to parliamentary calls for more growth-oriented regulation, saying that it is exploring new ways to boost Britain's international competitiveness on top of the steps it has already taken.

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

By Max Austin

This past week in London has seen Tottenham Hotspur FC kick off against Manchester United co-owner Ineos Automotive following a soured sponsorship deal, Acer and Nokia clash over patents for video coding technology, and two investors reignite litigation against the founders of an AI exercise bike business that unlawfully pocketed $1.2 million in investments to fund their own lifestyles. Here, Law360 looks at these and other new claims in the U.K.

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Brief

Nexo Capital Settles $126M Crypto Contract Dispute

By Ronan Barnard

Cryptocurrency lending platform Nexo Capital has settled three fintech executives' claims over access to tens of millions of dollars of their digital assets, according to a court order.

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European Banks Seek Changes To 'Unclear' Draft AML Rules

By Alex Davidson

A trade body for European banks has warned that a European Union banking watchdog's proposed anti-money laundering rules make excessive demands on credit institutions.

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EU Guides Watchdogs On Digital Outsourcing Upsurge

By Alex Davidson

The European Union's financial markets regulator has released guidance for national watchdogs on how to regulate firms' expanding outsourcing of activities, driven by digitalization.

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France's BPCE To Buy Novo Banco In €6.4B Deal

By Najiyya Budaly

France's second-largest banking group BPCE said Friday that it will buy U.S. private equity shop Lone Star Fund's 75% stake in Novo Banco SA in a deal that values the Portuguese bank at €6.4 billion ($7.4 billion).

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Brief

Tap Global To List On AIM, Eyes Wider Investor Base

By Irene Madongo

Tap Global Group PLC said Friday it will list on London's junior alternative investment market this month, a move the digital finance platform believes will help it attract a wider pool of investors.

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