Top Stories

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  Insurers Gain Route To 'Neutralize' Hostile Foreign Judgments

  By Martin Croucher

  Insurers in London have gained greater protection against claimants that ignore U.K. arbitration clauses and sue...(read more)

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  Crypto Exchange HTX Agrees To Exit UK After FCA Case

  By Laura Stewart Liberty

  The Financial Conduct Authority said Thursday that cryptocurrency exchange HTX has agreed to exit the U.K. marke...(read more)

• Aspiring Judge Fights 'Bad Faith' Findings Amid £300K Threat

  By Adele Redmond

  An aspiring judge appealed on Thursday against Employment Tribunal findings that he'd entered the appointments process in "bad faith," saying remarks about his conduct make it more likely he will be ordered to pay up to £300,000 ($401,000) in costs.

• Ex-Oil Co. Execs Win Damages Over 10-Year Asset Freeze

  By Eddie Beaver

  Two former executives at oil trader Arcadia secured "very substantial" compensation Thursday for a decade-long asset freeze imposed over an unfounded fraud claim, although the award will likely fall short of the more than $1.1 billion they sought.

• FCA Urged To Probe Possible Leak Of Bank-Tax Budget Plans

  By Tom Fish

  The parliamentary Treasury Committee asked HM Treasury and the Financial Conduct Authority on Thursday to investigate whether confidential details of the government's planned bank tax increase were improperly disclosed before the Budget speech on Wednesday.

• Budget Offers Slim Clarity On UK's Employment Law Priorities

  By Adele Redmond

  About two million British workers will be better off after Wednesday's Budget, but there was little clarity for employers on the government's promises to restrict the use of noncompete clauses, abolish age-based minimum pay rates and reform equal pay law, experts say.

• AI, FCA Mortgage Shift Could Raise Lenders' Crime Risk

  By Alex Davidson

  Growth in artificial intelligence combined with the easing of mortgage rules by the Financial Conduct Authority will accelerate fraud risks for lenders and put senior manager accountability to new tests, lawyers have warned.

• Amersi Says BBC Lacks Evidence Of Corrupt Telecoms Deals

  By Ronan Barnard

  A prominent political donor and businessman argued at the start of a London trial Wednesday that the BBC had falsely accused him of being involved in corrupt business dealings in three different countries, saying the broadcaster's case that the allegations were true was "plainly not sufficient."

• Healey Looks To Simplify But Not Abolish Shareholder Taxes

  By Najiyya Budaly

  Chancellor John Healey told MPs on Wednesday that the government would retain stamp duty on share trading but pledged to modernize the tax, drawing criticism of a "missed opportunity" to revive interest in the London Stock Exchange.

• SFO To Set Out Total ENRC Fees In Annual Report

  By Laura Stewart Liberty

  The Serious Fraud Office said it will publish the total legal fees it incurred fighting Eurasian Natural Resources Corp.'s long-running $290 million claim over the agency's botched criminal investigation in its annual report and accounts next year.

• UK Gov't To Temporarily Raise Bank Surcharge To 6%

  By Josh White

  The U.K.'s Labour government will temporarily raise the bank surcharge to 6% to help generate more revenue to cover its expanded spending plans, Chancellor John Healey said in his autumn Budget on Wednesday.

• Gov't Tweaks UK Tax Allowance To Protect Pensioners 

  By Joel Poultney

  The government announced plans on Wednesday to protect pensioners from paying income tax on the state pension, which is set to rise above the basic income tax threshold.

• Insurer Revives Damages Bid In Oil Spill Fight At Top Court

  By Martin Croucher

  The U.K. Supreme Court on Wednesday backed a marine insurer's attempt to seek damages from Spain and France for suing it in Spanish courts over damages from a massive oil tanker spill rather than using arbitration in London.

• Latham Advises Insurance Software Co. On $2.1B Acquisition

  By Irene Madongo

  Insurance software provider Guidewire said Tuesday it has agreed to buy artificial intelligence platform Hyperexponential for up to $2.1 billion, a move it hopes will help it to provide agentic underwriting.