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Updated: 52 min 3 sec ago

Exemplary damages awarded following serious fraud against insurer

Wed, 06/20/2018 - 16:30
The Court of Appeal has awarded additional 'exemplary' damages in a case involving a "sophisticated and sustained fraud" against an insurer.

32Red pays £2m penalty after anti-money laundering failings

Wed, 06/20/2018 - 15:54
An online gambling provider has paid a penalty of more than £2 million after it failed to meet its obligations on social responsibility and on addressing the risk of money laundering.

Ireland may provide Brexit solution to UK pharmaceuticals

Wed, 06/20/2018 - 15:26
UK pharmaceutical companies could look to Ireland to account for the impact of Brexit, an expert in life sciences has said.

New South Wales commits 'unprecedented' A$87.2bn to infrastructure

Wed, 06/20/2018 - 15:01
The state government of New South Wales (NSW) will invest a record A$87.2 billion (€55.75bn) in infrastructure over the next four years, it has announced.

New rules on free flow of non-personal data move closer

Wed, 06/20/2018 - 11:54
Governments across the EU would have to justify national regulations requiring companies to store non-personal data locally under proposed new rules that moved closer to being finalised on Tuesday.

Company entitled to damages despite affirming contract in bribery case

Wed, 06/20/2018 - 11:26
A company was entitled to bring a claim for damages against a contractor which had paid bribes to its former managing director, regardless of whether it had affirmed its commercial relationship with the briber after the bribery came to light.

EU and Australia open trade talks

Wed, 06/20/2018 - 10:30
The first formal talks between the EU and Australia on forming a new free trade agreement were held on Monday.

Cryptocurrencies could bring the internet to a halt, says BIS

Wed, 06/20/2018 - 10:15
Generating the "decentralised trust" needed to underpin the mainstream use of cryptocurrencies could "bring the internet to a halt", due to the associated computer processing requirements, the Bank for International Settlements (BIS) has said.

Court of Appeal upholds 'reasonable' widely-drafted exclusion clause

Tue, 06/19/2018 - 17:18
A widely-drafted exclusion clause in the standard terms of a fire protection system provider was not unreasonable, and therefore should be upheld, the Court of Appeal has confirmed.

CYBG to buy Virgin Money for £1.7bn

Tue, 06/19/2018 - 15:40
CYBG, the company behind the Clydesdale Bank and Yorkshire Bank brands, has agreed a deal to buy Virgin Money for £1.7 billion, it has announced.

Ireland's pharma-chemical sector needs protection from Brexit, says Henry

Tue, 06/19/2018 - 15:13
Ireland's pharmaceutical and chemical businesses need to be shielded from the worst potential impacts of Brexit as a result of the sector's importance to the country's economy, a legal expert has said.

Scotland to reform law on personal injury discount rates

Tue, 06/19/2018 - 10:20
The discount rate applied to lump sum personal injury damages awards in Scotland would be reviewed every three years under new legislation put forward by the Scottish government.

National data strategy to be developed in the UK

Mon, 06/18/2018 - 16:11
A national data strategy is to be developed in the UK, the government has announced.

Pension trustees to be given powers encouraging investment in environmental and social schemes

Mon, 06/18/2018 - 15:53
The UK government has published proposals which will require pension trustees to assess the social and environmental factors involved in making investment decisions, and reveal these to members.

Report says Brexit threatens consumer businesses’ profitability

Mon, 06/18/2018 - 15:31
A new analysis of the various deals being discussed for the UK’s withdrawal from the EU has suggested that the profitability of consumer-facing businesses will drop under any scenario, unless prices are raised.

How to tell if your joint venture breaks competition law

Mon, 06/18/2018 - 14:28
ANALYSIS: Joint ventures can vary enormously in terms of their scope and nature and be pro-competitive and justified, but as businesses increasingly look to collaborate to innovate, the agreements are coming in for greater scrutiny from competition authorities.

EU court could settle ICANN data gathering dispute

Mon, 06/18/2018 - 12:55
The amount of data that domain name registrars can be forced to gather on people operating websites could be determined by the EU's highest court.

Firms seeking authorisation in Ireland urged to apply now

Mon, 06/18/2018 - 12:52
ANALYSIS: Time is running out for financial firms who intend to seek authorisation to operate in Ireland before the UK leaves the EU.

Tax gap value rises to £33bn as HMRC cracks down on routine errors

Mon, 06/18/2018 - 11:09
The value of unpaid tax in the UK has risen by £1 billion in the past year to £33bn, although the tax gap as a percentage of tax liabilities has dropped to 5.7%.

Modern slavery: stats show businesses must not be complacent

Mon, 06/18/2018 - 10:35
New figures published on the number of reported cases of modern slavery in Scotland show that businesses cannot afford to be complacent on the issue, a legal expert has said.