Richard Crump

A British businessman convicted of stealing £35 million ($42 million) from a software company was spared further imprisonment on Friday for using secret bank accounts to splash out tens of thousands of pounds on an extravagant lifestyle in breach of a restraint order.

A London court’s recent decision to let a claimant use a nonfungible token, or NFT, to serve his lawsuit seeking to recover $2.1 million in stolen cryptocurrency has opened the door to the service of other legal proceedings by distributed ledger technology.

A lawyer and financial adviser made secret profits “hand over fist” while allegedly pocketing £24.6 million ($29.5 million) of investors’ money from an offshore fund, a prosecutor said Monday during closing arguments in the London trial of three men charged in the fraud.

Lender Wins OK To Enforce Debts From Cypriot Bank

An Abu Dhabi-based shipbuilder urged an English appeals court on Wednesday to halt Mozambique's lawsuit accusing it of bribing government officials to secure maritime contracts in a $2 billion corruption scandal, arguing that the claims belonged in arbitration.

A High Court judge has rejected a request by Deutsche Bank AG to stay its appeal against the administrators of a now-defunct U.K. brokerage over €127 million ($143 million) of German tax refunds allegedly tied to a trading scandal.

A London judge has refused to rule that Bank of New York Mellon is owed approximately $31.7 million by a bankrupt steelmaker, Essar Steel India Ltd., under a number of securities, saying it would be inappropriate to do so because the company is involved in insolvency proceedings in its home country.

The U.K. Supreme Court ruled on Tuesday that a group of insurers can escape a £20 million ($27 million) claim over the loss of a ship used in an unsuccessful attempt to smuggle cocaine from Venezuela, finding that the smugglers did not act maliciously under the terms of the ship owner's insurance policy.