Standard Chartered slapped with $2.7bn lawsuit over fraud scandal July 1, 2025 Standard Chartered has been hit with a $2.7bn lawsuit over its alleged role in one of the world’s largest financial fraud cases, known as the 1MBD scandal. The London-headquartered lender is being accused of helping move and hide billions of dollars that were stolen from Malaysia’s 1MDB fund, by not sufficiently checking to see where [...]
Private equity circles the legal market, but not all firms are viable for investment boost June 26, 2025 It is no surprise that law firms have become a new target of interest for private equity firms as the legal sector is a big moneymaker
Crypto exchange to tokenise motor finance claims June 25, 2025 Tokenisation platform Bitfinex Securities has revealed a direct listing of a £100m tokenised equity issuance to provide litigation funding for claims against the motor finance industry
Ofwat set to fight off legal action over its price review June 24, 2025 Ofwat is set to face legal action over its price review after an application was green-lit to proceed to the High Court.
Will British and Irish Lions sue Rugby Australia over player eligibility row? June 23, 2025 If you were to list the top moments from each of the last five British and Irish Lions tours then you’d almost certainly find that at least one entry didn’t happen on the pitch. In 2021 it was South African coach Rassie Erasmus breaking down the flaws in refereeing calls, and in 2017 it was [...]
Shell to face High Court trial over legacy oil pollution in 2027 June 20, 2025 Oil giant Shell will now face a full trial in London's High Court in 2027 over allegations it was legally responsible for legacy oil pollution in Nigeria
From fast track to gridlock: The Competition Appeal Tribunal faces its toughest test yet June 19, 2025 The Competition Appeal Tribunal is, by far, the busiest courtroom in the City. Yet, like most things, it has become a victim of its success.
Legal & General: FTSE 100 giant touts asset management plans June 18, 2025 Legal & General is set to delve further into the asset management markets after outlining its fresh growth plan on Tuesday. The firm’s asset management arm, which oversees £1.1 trillion in assets, is setting out targets for the coming year to notch over £500m in operating profit. If successful, this would mark a sharp jump [...]
DWF: Sir Nigel Knowles to retire as new CEO named June 16, 2025 Sir Nigel Knowles, the chief executive of legal services giant DWF, is to step down from the role after five years, it has been revealed. The CEO will retire from the position he has held since May 2020 on 1 August but will remain with the firm as a senior advisor. He will be succeeded [...]
Private school VAT campaigners lose court challenge June 13, 2025 A group of families with children at private schools have lost their High Court battle over the government’s decision to apply VAT on school fees, with a judge ruling it did not sufficiently infringe on pupils’ human rights. Campaigners had brought legal action against the Treasury, arguing that the change to private schools’ tax status [...]