A year after the FCA was criticized for delays, dropped cases and its use of publicity powers, it entered 2025 under pressure to show its enforcement regime had teeth.
A year after the FCA was criticized for delays, dropped cases and its use of publicity powers, it entered 2025 under pressure to show its enforcement regime had teeth.
A decision by the U.K. Supreme Court to block a £2.7 billion ($3.6 billion) claim against major banks over foreign exchange-rigging has recalibrated the test for when a collective action should be brought through opt-out proceedings, lawyers say.
Denmark's stinging defeat in a £1.4 billion ($1.9 billion) tax fraud claim and a U.K. Supreme Court ruling that widens the net for individuals who facilitate fraud are among the defining moments in the biggest commercial fraud cases of 2025.
A property developer and a Dubai bank have hit back at a claim from a real estate business that alleges they undermined a £260 million ($351.2 million) refinancing deal, saying that there was no chance of the transaction going ahead.
A London court has held that Winros Partnership, formerly known as Rosenblatt Solicitors, can't force an investment company to pay its £6 million ($8 million) legal bill because the law firm chose to ignore a contractual provision designed to allow it to recover the money.
A French restaurant manager has denied lying about his work history in order to secure a €9.3 million ($11 million) investment from a private equity firm for a food chain venture, saying that the company had backed the deal for his "secret sauce" recipe.
An actuary hit with a two-year ban and a fine of almost £23,000 ($31,000) has convinced an employment tribunal that his belief in traditional Islam being problematic and deserving of criticism constituted a protected belief under the Equality Act.
Criminals are increasingly using kidnapping, robbery and theft to obtain access to digital assets from crypto exchanges, brokers and individuals, making secure passwords irrelevant, a trade body warned Tuesday.
British investment company Edinburgh Worldwide urged its shareholders on Tuesday to vote against a renewed takeover effort by U.S. hedge fund Saba Capital Management, saying the activist investor's proposals threaten the trust's strategy and its stakeholders' long-term interests.
Sullivan & Cromwell LLP said Tuesday that it has hired two new partners from Kirkland & Ellis LLP in London, boosting the firm's private equity and tax capabilities as it continues to expand in the City.
