Trafigura Wins Trial Over $500M Nickel Fraud Against Magnate

By Sophia Dourou

Trading company Trafigura was the victim of a "massive fraud" carried out by Prateek Gupta and his companies in which he made $500 million in sham nickel trades, a London court concluded on Friday.

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Deutsche Bank Denied Early Ruling In Barclay Family Dispute

By Sophia Dourou

A Luxembourg bank can't get early determination of part of its claim against a member of the Barclay family over an unpaid £18 million ($25 million) loan, after a judge said Friday the issue of which court had jurisdiction needed to be determined first.

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TSB Beats 'Mortgage Prisoners' Appeal In £800M Rates Claim

By Eddie Beaver

TSB was entitled to charge higher interest rates for loans to almost 400 former Northern Rock customers, a London appeals court ruled Friday, handing the lender a preliminary win in an £800 million ($1.1 billion) group action brought by borrowers.

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Tech Exec Fired After Board Coup Bid Was 'Unfairly' Let Go

By Joel Poultney

A London Employment Tribunal has ruled that a financial technology payment startup unfairly dismissed its chief technology officer, but did not do so for the disclosures he made amid a souring relationship with the company's chief executive that led to an attempted boardroom coup.

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Legal Services Biz Sues Insurer For £1M In Payment Row

By Joel Poultney

A legal expense insurance company has sued the insurer of an insolvent solicitors' firm for more than £1 million ($1.4) over allegations the law firm failed to pay premiums it owed that were linked to after-the-event litigation policies.

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Roundup

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

By Max Austin

This past week in London saw collapsed solar bonds company Rockfire Capital sue the Royal Bank of Scotland, e-ticket platform Eventbrite target the owners of Salford Red Devils rugby club over an alleged contract breach, and Scottish distiller William Grant & Sons square off against a former MP in a trademark tussle tied to its Glenfiddich whisky. 

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Higher Fines, New Settlements In UK Sanctions Revamp

By Eddie Beaver

The sanctions enforcer plans to introduce higher maximum fines and a new settlement scheme as part of a wave of reforms aimed at keeping pace with the increased volume and complexity of its investigations.

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FCA Proposes New Climate Disclosure Rules For Listed Cos.

By Alex Davidson

The Financial Conduct Authority proposed to replace its climate disclosure rules on Friday for companies listed on the London Stock Exchange, under a new regime aligned with international standards.

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UK Pension Deal Market Slumps In 2025 By 18% To £39B

By Martin Croucher

The value of bulk purchase annuity pension deals fell by nearly 20% to £39 billion ($53.6 billion) in 2025 — the market's worst year since 2022.

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Brief

IG Group Completes $125M Cryptocurrency Exchange Deal

By Dawood Fakhir

IG Group said Friday that it has completed the approximately 178 million Australian dollars ($125 million) acquisition of Australian cryptocurrency exchange Independent Reserve after receiving approval from the central bank of Singapore.

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