Richard Crump

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.

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.

The head of the Bank of England has welcomed Facebook's new global currency but warned Thursday evening the social media giant's planned digital asset could face heavy regulation to protect the financial system and ward against data privacy and money laundering risks.

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.

Lender Wins OK To Enforce Debts From Cypriot Bank

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.

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 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.

UBS is facing the prospect of litigation from unhappy investors and bondholders over its $3.2 billion acquisition of Credit Suisse. But these are just some of the legal headaches the Swiss banking giant has inherited from the rescue of its stricken rival. Here, Law360 looks at the historical and future lawsuits UBS must contend with.

A former employee of Union Bank UK PLC denied allegations that she accepted bribes while working as head of customer services at the London subsidiary of Union Bank of Nigeria when she appeared alongside two other defendants at a London court Tuesday.