A court decision that compelled LetterOne, a Russian-backed investment firm, to sell a broadband provider highlights the regulatory risk posed to corporate dealmakers by the government's far-reaching national security discretion, including the costly prospect that they might have to unwind concluded transactions.
A court decision that compelled LetterOne, a Russian-backed investment firm, to sell a broadband provider highlights the regulatory risk posed to corporate dealmakers by the government's far-reaching national security discretion, including the costly prospect that they might have to unwind concluded transactions.
Spain urged an appeals court Wednesday to overturn a decision on a harassment and discrimination claim by a translator who worked for its embassy in London, arguing a tribunal wrongly concluded that the conduct complained of is not shielded by state immunity.
A High Court Judge refused Wednesday to allow U.K. investors to challenge his decision striking out claims worth £330 million ($418 million) from securities fraud litigation alleging that Barclays dishonestly delayed publishing information about its dark pool trading system.
The Serious Fraud Office must disclose the total cost of its controversial Unaoil investigation after a tribunal rejected the authority's argument that providing the details would hamper its ability to prosecute economic crime.
HSBC Holdings PLC has lost its challenge to a €31.7 million ($33.4 million) European Union fine for rigging Euribor, as a European court rejected on Wednesday the bank's argument that the penalty was imposed out of time.
BNP Paribas has defeated a London banker's attempt to inflate her £2 million ($2.5 million) payout for the mistreatment she suffered after raising concerns about equal pay, as an employment tribunal ruled that it would not redo its calculation of her losses.
A Lloyd's of London insurer has argued that the owner of a property in Greater Manchester cannot claim £5.9 million ($7.5 million) in business interruption cover for damage caused by a burst water pipe because no business was in fact interrupted.
The Scottish government urged the U.K.'s highest court on Wednesday to uphold its guidance on the definition of a woman, saying that the Gender Recognition Act 2004 gives it the power to include transgender women with a gender recognition certificate.
British appliance manufacturer Dyson fought on Wednesday to keep a forced labor case out of England, telling a London appeals court that claims that migrant workers were abused in Malaysian factories should be heard in the Asian country.
An employment tribunal has awarded £28,890 ($36,458) to a chartered accountant who was demoted while on maternity leave and was told by bosses, she said, that she had "had a baby at the wrong time."
A Florida federal judge has ordered a former Disney Cruise Line employee to arbitrate in London his claim that the company wrongly fired him after he twice tested positive for marijuana, disagreeing with the man that Disney had waited too long to file its bid for arbitration.
U.K.-based Stephenson Harwood LLP has sued an Alabama trade export company that specializes in Latin America, saying it owes more than $100,000 in legal fees after the law firm pursued arbitration on the company's behalf against London-based accountancy firm Parker Lloyd Ltd.
