MFS founder accuses administrators of ‘internecine warfare’ Banking The founder of collapsed shadow bank MFS has accused administrators of “internecine warfare” and harassment as the firm’s creditors fight to unlock billions of pounds in frozen funds, City AM can reveal. Paresh Raja, the chief executive of Market Financial Solutions who has denied claims he siphoned “vast sums” from the mortgage firm, has asked [...]
‘Serious concern’: City watchdog accused of withholding information in motor finance row Banking The City watchdog is coming under pressure to release its communications with the Treasury and modelling data for its controversial motor finance redress scheme, City AM can reveal. The Financial Conduct Authority (FCA) is facing legal challenges from the finance arms of Volkswagen and Mercedes Benz as well as French-owned CA Auto Finance over its [...]
‘It’s a s**t show’ – Legal 500 accidentally publishes damning barrister reviews Legal Legal 500 has been forced to take down its site after the firm mistakenly published negative reviews alongside its top lawyer rankings. The publisher, which evaluates law firms, solicitors and barristers across 100 countries, pulled its site on Friday for “maintenance” after it had emerged bad reviews were accidentally accompanying the profiles of those who [...]
Winkworth launches board review as family feud rocks London estate agent September 30, 2026 London estate agent Winkworth has launched an independent review of its board as it battles to contain the fallout of a boardroom family feud involving the firm’s its chief executive and his father, the chair. The AIM-listed firm, which is one of the UK’s oldest estate agents and specialises in properties in the City in [...]
Court fast-tracks Victoria’s Secret PINK brand clash with London shirtmaker September 25, 2026 Lingerie giant Victoria’s Secret has secured a fast-tracked trial in the High Court in London in October to determine whether a London-based shirtmaker breached a legal contract with the lingerie seller over its ‘PINK’ trademark. The case stems from a High Court settlement between the two retail firms in 2015, in which the court ruled [...]
City law firm to rebrand after co-founder demands name be stripped September 24, 2026 The co-founder of a City-based law firm behind the largest group claim in UK history against mining giant BHP said he will file a cease-and-desist to have his name removed after the firm initiated legal action against its own clients in the claim. US disputes lawyer Harris Pogust, who co-founded Pogust Goodhead (formerly PGMBM) alongside [...]
Fast fashion copyright battle continues as Shein granted appeal against Temu September 21, 2026 Fast fashion retailer Shein has been granted permission to appeal against rival Temu in a first-of-its-kind copyright battle in the UK. A judge confirmed in a hearing on Monday that Shein can challenge a judgement handed down last month in the Court of Appeal. The judge said there were “compelling reasons” for the court to [...]
Prince Harry hit with £9.5m Daily Mail legal bill August 21, 2026 Prince Harry and six other high-profile figures have been ordered to pay £9.54m towards the Daily Mail publisher’s legal costs after losing their long-running privacy case. Judge Matthew Nicklin Nicklin ruled on Friday that the claimants must make an interim payment of £9,544,355 to Associated Newspapers by 28 August, after the publisher ran up costs [...]
IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details August 12, 2026 An IT consultant was ordered to repay £50,000 to his employer after being accused of stealing the personal details of members of London’s biggest private members’ club. Amit Sharma allegedly threatened to leak personal information of more than 50,000 members of Soho House unless he was sent a “seven figure” sum following a dispute over [...]
Family feud: London estate agent Winkworth sues chair over plot with wife to oust son from board August 7, 2026 London estate agent Winkworth has initiated High Court proceedings against its chair, Simon Agace, for an alleged breach of contract after he and his wife attempted to oust the company’s board, including his son, City AM can reveal. The AIM-listed company, which is one of the UK’s oldest estate agents and specialises in high-end properties [...]