Lloyds Sued Over Payments Linked To Alleged £1.2B Fraud

By Eddie Beaver

Lloyds and its Bank of Scotland subsidiary have been hit with a £287 million ($370 million) claim brought by liquidators of the external broadcaster Arena Television for allegedly processing payments linked to an alleged £1.2 billion fraud.

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'Bully' Solicitor Who Showed Paralegal Lewd Pix Struck Off

By Sophia Dourou

A solicitor accused of bullying "vulnerable" junior colleagues and showing a paralegal pornographic pictures on his phone was struck off by a tribunal Tuesday.

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SFO Hires Former Met Police Officer As Strategy Chief

By Christopher Crosby

A former senior London police officer with a background in economic crime has been tapped to oversee the Serious Fraud Office's strategy, reuniting with his former chief as director Nick Ephgrave fills the vacant role on his executive team.

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BHP Told To Stop Funding Brazil Dam Claim Ahead Of UK Trial

By Joanne Faulkner

A London judge on Tuesday blocked mining group BHP from taking part in legal action that aims to prevent some Brazilian municipalities from participating in £36 billion ($46.4 billion) group litigation over one of the country's worst environmental disasters.

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Bond Administrator Enters Liquidation After FCA Restrictions

By Joel Poultney

The Financial Conduct Authority has confirmed that a London-based bond administrator has entered into liquidation nearly a year after the financial watchdog imposed restrictions on the company over "serious concerns" about its systems and controls.

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US, UK, EU Antitrust Enforcers Outline AI Principles

By Bryan Koenig

The top antitrust officials from the U.S. Justice Department, the Federal Trade Commission, the European Commission and the U.K.'s Competition and Markets Authority presented a unified international commitment Tuesday to closely monitor artificial intelligence technology and the companies that they warned could wield AI anticompetitively.

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Post Office's Top In-House Lawyer Takes 'Temporary' Leave

By Marialuisa Taddia

The general counsel of the Post Office and its primary liaison for the public inquiry into the Horizon IT scandal has taken a "temporary" leave of absence, the organization has confirmed.

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Disputes Boutique Hires Fladgate Insolvency Pro As Partner

By Jamie Lennox

Alius Law has hired an insolvency and restructuring partner from Fladgate LLP as it looks to build up its financial services practice in London — and the disputes boutique wants to tempt more senior litigators to leave behind the "constraints" of larger firms.

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