Financial Services UK

  • October 20, 2026

    Shareholder in Drug Co. Recordati Opposes €10.5B Bid

    A minority stakeholder in Italian pharmaceutical giant Recordati SpA on Tuesday urged fellow shareholders not to accept a consortium's €10.5 billion ($11.8 billion) takeover offer, arguing the bid falls "far short" of the company's real value.

  • October 20, 2026

    UK Chancellor Rejects Capital Gains Tax Hike, Report Says

    Chancellor of the Exchequer John Healey has rejected calls from other Labour figures to raise capital gains tax in the U.K.'s upcoming budget, according to a newspaper report, in favor of taxes on banks.

  • October 20, 2026

    4Syte Sues eCapital For £4M Over Alleged Fraud Cover-Up

    Invoice finance lender 4Syte has sued fellow invoice finance provider eCapital for £4 million ($5.3 million), alleging it deliberately concealed fraudulent activity by six borrowers before they were transferred to 4Syte.

  • October 20, 2026

    BNP Paribas Seeks Early $119M Win In UAE Fraud Case

    BNP Paribas urged a London judge Tuesday to enforce a debt of more than 436 million United Arab Emirates dirham ($118.7 million) that is allegedly owed by an oil company owner under an Emirati judgment, arguing that he does not have a real chance of successfully defending against its claim.

  • October 20, 2026

    Google Cloud Outage Hits Banks, Halts Court Hearings

    Trials and court hearings were disrupted Tuesday by a Google Cloud outage that hit the courts' video system, which is used for remote hearings.

  • October 20, 2026

    Revolut Gets Crypto License In Gibraltar

    Revolut has secured a cryptocurrency services license in the British overseas territory of Gibraltar, as the fintech seeks to expand its digital asset business into additional international markets.

  • October 20, 2026

    Chinese Investors Sue Developer For £2.4M Loan Repayment

    Two Chinese investment companies have sued a developer for £2.4 million ($3.2 million), alleging that he defaulted on a repayment plan brokered over WeChat after his property business fell into liquidation.

  • October 19, 2026

    Ex-Security Says Police Killed People At Tanzanian Mine

    A former soldier who was security manager for a Tanzanian mine told the High Court on Monday that Tanzanian police had killed people at the site, saying that more could have been done to improve the human rights situation.

  • October 19, 2026

    UK Property Market Faces AML Risks, Report Warns

    Weak anti-money-laundering safeguards in the U.K.'s new-build property market are allowing billions of pounds in potentially illicit wealth to enter the economy, an anti-corruption organization warned Monday.

  • October 19, 2026

    FCA Sues Hunter Jones Over Alleged Property 'Ponzi Scheme'

    The Financial Conduct Authority has sued property investment specialist Hunter Jones Group and its director, accusing the company of promoting a multimillion-pound property investment plan that operated as a Ponzi scheme.

  • October 19, 2026

    EU Expands Grounds For Inside Info Disclosure Delays

    The European Union's financial markets regulator has widened the circumstances in which listed companies can delay disclosing sensitive information to investors, but stressed that these exceptions must be "interpreted narrowly."

  • October 19, 2026

    FCA Plans 'Agentic' Shift To AI-Powered Supervision

    The Financial Conduct Authority said Monday that it plans to become an "agentic regulator," using artificial intelligence to automate more of its supervisory work, analyze the activities of regulated companies and intervene more quickly when it identifies potential problems.

  • October 16, 2026

    Investor Says Analyst Ignored Warnings As Stocks Fell

    A private investor has sued a financial analyst for allegedly failing to close stock trades as prices fell, claiming the inaction contributed to up to £14.7 million ($19.6 million) in avoidable losses under a deal the pair scribbled on a Post-it note.

  • October 16, 2026

    Receivers Lose Costs Bid In £5B Bitcoin Litigation

    Receivers seeking the proceeds from a Chinese investment fraud will not recover their legal costs after a dispute over which law governs claims to billions of pounds in cryptocurrency seized by British police, a London judge ruled Friday.

  • October 16, 2026

    RBS Denies Responsibility In £73M Rockfire Solar Bond Row

    The Royal Bank of Scotland has hit back against a collapsed investment company's £73 million ($97 million) claim, denying it had any responsibility for allegedly allowing payments earmarked for solar farms to be misappropriated for the company's director.

  • October 16, 2026

    Allianz Faces €59M Claim Over Yacht Builder's Insolvency 

    The buyer of a €101.8 million ($114.6 million) luxury yacht whose builder sought insolvency before finishing the project has sued an Allianz unit for €58.8 million after the insurer allegedly failed to pay out over construction guarantees. 

  • October 16, 2026

    UK Gov't Expected To Raise Bank Taxes In Autumn Budget

    The U.K.'s Labour government is preparing to raise taxes on banks in the autumn budget, according to a newspaper report, including a possible hike to the bank levy.

  • October 16, 2026

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

    The past week in London has seen closed cryptocurrency platform BitMEX sue Celsius Network amid ongoing litigation between the companies, and an independent music producer lodge a claim against Universal Music over the 1993 Gabrielle hit single "Dreams."

  • October 16, 2026

    FCA Acts On Backlash Against Inconsistent Consumer Rules

    The Financial Conduct Authority committed to changing some of its rules for protecting consumers after industry backlash showed these were sometimes failing to hit the mark.

  • October 16, 2026

    Traders Have Bans Lifted Over Overturned Libor Convictions

    The financial watchdog revoked Friday the lifetime bans on four traders whose convictions for rigging benchmark interest rates were overturned on appeal in landmark proceedings that unraveled prosecutions brought after the global financial crisis.

  • October 16, 2026

    EU Names USDC As First 'Significant' Stablecoin

    Europe's banking regulator has classified the world's second-largest dollar stablecoin as the bloc's first "significant" e-money token, bringing the cryptocurrency's reserves, liquidity and redemption arrangements under closer supervision from Nov. 12.

  • October 16, 2026

    EU Urges Bloc To Finalize Preparations For T+1 Settlement

    Financial services companies must complete technical preparations and begin testing, as two deadlines approach, to shorten securities settlements to one business day after trading, a European Union regulator said Friday.

  • October 15, 2026

    German Tax Deferral Violates EU Rules, CJEU Adviser Says

    Germany's provision of a capital gains tax deferral only to companies with a German permanent establishment infringes on European Union rules concerning the free movement of capital, an adviser to the Court of Justice of the EU said Thursday.

  • October 15, 2026

    Curacao Bank Beats Appeal Bid Over £415M Tax Fraud Claims

    An English appeals court denied a U.K. marketing company's liquidators permission on Thursday to challenge a ruling that a Caribbean bank and its former CEO had not dishonestly assisted a £415 million ($550 million) tax fraud.

  • October 15, 2026

    Ex-Deloitte Exec Ekes Out Another Discrimination Win

    A former cybersecurity executive at Deloitte has won another discrimination claim against the Big Four firm after a tribunal upheld her complaint that its delay in providing her disability support was unjustified.

Expert Analysis

  • Appeals Court Offers Framework For Loan Interest Disputes

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    The Court of Appeal's recent decision in Houssein v. London Credit Ltd. offers guidance for borrowers and lenders on determining what is required to stop contractual interest from accruing on a secured loan and whether a default interest provision amounts to an unenforceable penalty, say lawyers at Reed Smith.

  • Designing Management Incentives For An Uncertain PE Exit

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    With management teams increasingly asked to stay invested for longer periods as private equity holding periods extend and routes to exit become less predictable, management incentive plans require sufficient flexibility to remain effective, say lawyers at Morgan Lewis.

  • Tesla Win Establishes UK Courts May Set Patent Pool Rates

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    The recent U.K. Supreme Court decision in Tesla v. InterDigital & Avanci determined that English and Welsh courts can resolve license rate-setting disputes for standard essential patents, with a U.K. FRAND determination serving as leverage in negotiating high-value licenses for standardized technologies, say lawyers at Quinn Emanuel.

  • How Public Filing Pilot Is Influencing Litigation Strategy

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    The ongoing pilot program that makes it easier for third parties like journalists or academics to obtain court documents used in certain public hearings is reshaping how litigation teams draft skeleton arguments, settle expert evidence, and identify and restrict sensitive material, say lawyers at Greenberg Traurig.

  • Series

    Practice Leader Insights From Birketts' Jessica Caws

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    Jessica Caws, co-head of financial services at Birketts, discusses creating a collaborative environment for her junior colleagues, the excitement of working on a matter at the forefront of regulatory change, and why as a lawyer it is important to develop the ability to critically analyze information early on.

  • AI Voice Cloning Exposes Gaps In UK Personality Rights Law

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    The advent of artificial intelligence voice cloning has turned concerns over the absence of dedicated personality rights into a practical policy issue, and the U.K. government's planned consultation on digital replicas offers an opportunity to develop targeted intellectual property and fraud protections without undermining innovation, say lawyers at Foot Anstey.

  • Series

    Practice Leader Insights From RPC's Simon Hart

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    Simon Hart, head of RPC's financial services sector, discusses the importance of leading with clear goals and a shared purpose, the challenge of keeping clients focused under sustained pressure, and why junior lawyers should resist the trend to become too specialized early on.

  • Financial Firm Ruling Narrows Push Fraud Recovery Route

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    The recent Court of Appeal decision in Moorwand v. Hamblin rejected a derivative claim brought by victims of an authorized push payment fraud, clarifying that these claims will only succeed in limited circumstances where a provider is demonstrably put on inquiry for misappropriation, say lawyers at Irwin Mitchell.

  • FCA Nonfinancial Misconduct Rules Demand Shift For Firms

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    Under the Financial Conduct Authority's new nonfinancial misconduct framework, conduct like serious bullying, harassment and violence is now capable of generating regulatory consequences extending well beyond the workplace, and four questions are likely to occupy compliance teams over the coming months, says Chloe-Jane Belton at Howard Kennedy.

  • Series

    Practice Leader Insights From Reed Smith's Panos Katsambas

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    Panos Katsambas, global co-lead of Reed Smith's financial industry group, discusses how dealing with adversity in world events enabled him to handle volatility in his practice, how private credit and fund finance are now dominating the financial industry, and why it is important to remember that the legal industry is a service industry.

  • Why Bear Hugs Are Making A Comeback In UK M&A Deals

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    With "bear hugs" recently reemerging as an attractive negotiation tool for bidders in mergers and acquisitions, both target boards and potential acquirers should note the effect of the City Code on Takeovers and Mergers' timing and drafting limits, says Ben Land-Maycock at Covington.

  • What FCA Code Reforms May Mean For Solo-Regulated Firms

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    The Financial Conduct Authority’s recent proposals to create a more consistent and streamlined remuneration framework for solo-regulated firms will allow firms to design more flexible policies, but mean greater scrutiny of the firms’ decision-making, governance and recordkeeping, say lawyers at Birketts.

  • Key Points From High Court Ruling On FOS Time Bar Rule

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    In Barclays Bank v. Financial Ombudsman Service, the High Court recently blocked the FOS from investigating consumer complaints that fall outside the legal time limit, demonstrating courts’ willingness to look at the ombudsman's approach to its own jurisdiction, says Rachael Healey at RPC.

  • Series

    Practice Leader Insights From Morgan Lewis' Paul Denham

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    Paul Denham, head of Morgan Lewis' London finance practice group, discusses why working with nurturing partners helped him understand what good leadership should look like, how a Formula 1 financing transaction allowed a personal interest to cross into his day job, and the importance of being willing to adapt as markets change.

  • UK Corp. Crime Landscape Raises Global Governance Stakes

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    The Crime and Policing Act 2026 recently entered into force, highlighting a growing emphasis on governance and senior management oversight, the influence of compliance on commercial decision-making, and an overlap between legal and regulatory risk across jurisdictions, say lawyers at McDermott.

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