Two securities trading arms of Nomura Group have denied causing an investment fund to lose more than $43 million by selling the fund's shares and overcharging it almost $6.8 million in connection with capital gains tax.
Two securities trading arms of Nomura Group have denied causing an investment fund to lose more than $43 million by selling the fund's shares and overcharging it almost $6.8 million in connection with capital gains tax.
A London court on Thursday ordered a convicted money launderer to repay £5.6 million ($7.6 million) for his role in a conspiracy to buy cryptocurrencies using money siphoned off from tens of thousands of Chinese investors.
The owner of a portfolio of professional football clubs has failed to overturn a ruling that found he was in breach of a deal to buy back an investment vehicle's stake in his company for $97 million.
A Swedish ethanol producer failed on Thursday to overturn a €47.7 million ($55.9 million) fine for colluding to maintain high prices by market manipulation after a European appeals court ruled that a competition watchdog did not presume it was guilty.
A finance consultant has alleged that a payment solutions provider owes it almost €17 million ($20 million) for terminating a project aimed at providing a payroll financing product because of an alleged drop in client demand.
HM Revenue & Customs lacked sufficient evidence to justify more than £1.5 million ($2 million) in penalties on a securities trading company for careless and deliberate inaccuracies on its returns linked to a tax avoidance scheme involving an employee benefit trust, the Upper Tribunal ruled.
Travers Smith LLP said Thursday that it has started a new year-long program to provide practical legal and commercial support to innovative fintech startups as they navigate the early stages of their development.
The U.K. retirement savings watchdog called on Thursday for greater industry feedback on sweeping value-for-money regulations for workplace benefit plans.
The government should be cautious about any plan to fix Britain's growing housing crisis by allowing workers to tap into their pensions savings early, a retirement savings provider said Thursday.
A group of major trade bodies has urged the European Commission to reconsider its decision not to regulate third-party litigation funders and called for a deeper review of the sector.
Deutsche Börse AG has agreed to buy European fund distribution platform Allfunds Group PLC for €5.3 billion ($6.2 billion) as the German stock exchange operator moves to create a global player in the provision of financial markets infrastructure.
Swedish private equity company EQT said Thursday that it will buy the U.K. secondaries firm Coller Capital for up to $3.7 billion in a bid to take advantage of the growing market for continuation vehicles as the PE sector continues to struggle to offload assets.
Savings and investment group M&G has said it penned £1.5 billion ($2 billion) in pension deals in 2025, almost 65% more than the amount it disclosed the year before.
As the artificial intelligence industry continues to witness substantial M&A transactions in Europe, parties should be mindful of the unique challenges posed by the acquisition of intangible AI technologies, monitor the evolving regulatory landscape, and establish optimal mechanisms for risk allocation, say lawyers at Morgan Lewis.
