Aircraft lessors urged the U.K.'s highest court Monday to overturn a ruling that they cannot receive $69.3 million for Russian planes because of sanctions, arguing that a lower court had wrongly found that UniCredit's U.K. branch had rightly withheld payments under letters of credit.
Aircraft lessors urged the U.K.'s highest court Monday to overturn a ruling that they cannot receive $69.3 million for Russian planes because of sanctions, arguing that a lower court had wrongly found that UniCredit's U.K. branch had rightly withheld payments under letters of credit.
Two business executives failed on Monday to persuade a London court to stop Anglo-South African lender Investec from pursuing its claim in England for almost £22 million ($30 million) that the pair allegedly owe under loan agreements.
The Financial Conduct Authority published on Monday a landmark package of measures to encourage investments by consumers to help U.K. growth, giving businesses new clarity on when they are dealing with professionals.
A London court ordered a U.S. investment fund to pay $5.4 million to a sacked portfolio manager on Monday, ruling that the company had no right to withhold his discretionary bonus amid criminal probes into his trading.
Corrupt lawyers, accountants and bankers "will be hunted down" under a new anti-corruption strategy unveiled by the government on Monday, which will crack down on enablers facilitating bribery and illicit finance in the U.K.
The government's plan to cap pension salary sacrifice arrangements will worsen the growing crisis of pension under-saving, a former pensions minister has warned, after an official report found that at least 3.3 million workers will be affected.
The government could raise £220 billion ($293 billion) in additional investment in Britain over the next decade through a series of reforms to pensions, insurance and home building, an insurer said in a report on Monday.
French banking giant BNP Paribas said on Monday that its insurance subsidiary has increased its stake in Belgian multinational insurer Ageas Group SA to 22.5% from 14.9% with the injection of €1.1 billion ($1.28 billion) in new share capital.
AmTrust and the credit and insurance arm of Blackstone have agreed to turn some of the global insurer's managing general agencies and other companies in the U.S. and U.K. into a new business.
Lawyers at Womble Bond provide an analysis of the Financial Ombudsman Service's complaint trends in 2025, highlighting the impact of changes within the FOS and external factors on the financial sector's redress system.
