PrivatBank Pursues $3B Fraud Judgment Against Ex-Owners

By Eddie Beaver

PrivatBank has said that its former owners have failed to pay more than $3 billion ordered by a London court after it found that they had orchestrated an elaborate money-siphoning scheme of sham loans tied to fictitious commodity trades.

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Odey Libel, Sex Assault Claims To Reach Trial In June

By Ronan Barnard

Former hedge fund manager Crispin Odey's £79 million ($104 million) libel claim against the Financial Times, alongside claims from five women accusing him of sexual abuse, will reach trial in 2026, a judge said at a London court on Friday.

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Lawmakers To Probe UK Gov't Financial Inclusion Strategy

By Joel Poultney

Lawmakers on the influential Treasury Committee unveiled a new investigation into the government's financial inclusion strategy on Friday, cautioning against treating Prime Minister Keir Starmer's plan as a "box-ticking exercise."

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Gupta Denies Hiding $600M Nickel Fraud From Trafigura

By Lucia Osborne-Crowley

A businessman told the High Court on Friday that he did not attempt to hide the true contents of metal sold to Trafigura in an alleged $600 million nickel fraud, arguing that the trading firm could have inspected the shipments at any time without his involvement.

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Financial Analysts' Body Suffers Blow In Fight Over 'CEFA' TM

By Hanna Vioque

The European Federation of Financial Analysts Societies has lost its bid to register a trademark for "CEFA EFFAS Certified European Financial Analyst" as a European court ruled that examiners had correctly found it was too similar to an existing sign. 

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ECJ Allows Portugal's Tax Checks On Foreign Pension Funds

By Josh White

Portugal could impose stricter requirements on non-resident pension funds that claim a tax exemption when proportionate, despite the European Union's rules on freedom of movement for capital, the bloc's top court has ruled.

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

By Max Austin

This past week in London has seen the National Crime Agency target an Azerbaijan politician and a subsidiary of Withers over a disputed £50 million ($66 million) property portfolio, the eldest son of a British aristocratic family challenge the trustees of their multimillion-pound estate, and a sports lawyer suspected of dishonesty face action by the Solicitors Regulation Authority following his firm's closure.

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UK Still Mulling Tax Regime For Pension Surplus Release

By Martin Croucher

The government has said it is still considering the tax regime for one-off payments to pension plan members under its controversial surplus release reforms.

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Private Prosecutors Eye Victims' Assets Amid SFO Probe

By Christopher Crosby

Lawyers and a fintech claims manager said Friday that they have begun efforts to help victims of an alleged $28 million fraud recover their money after a fraud-enforcement agency opened a criminal investigation into the "crypto hedge fund" scheme.

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Deutsche Börse In Talks To Buy Wealth Tech Biz For €5.3B

By Tom Fish

Shares marketplace Deutsche Börse Group has entered into exclusive talks to acquire Allfunds Group PLC, a U.K.-based European wealth technology platform, in a cash-and-shares deal worth €5.3 billion ($6.1 billion).

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Orrick Hires 4 Corporate Lawyers From Norton Rose In Munich

By Ashish Sareen

Orrick Herrington & Sutcliffe LLP has hired a group of four lawyers from Norton Rose Fulbright in Germany to boost its services to clients in mergers and acquisitions and private equity transactions.

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