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Ex-CEO Breached Rules Over Undisclosed Ties, Lloyd's Says

By Martin Croucher

Lloyd's of London said Wednesday that former chief executive John Neal had breached the market's conduct rules by failing to disclose a personal relationship with another senior executive.


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    Santander told an appeals court Tuesday it should not pay out £670 million ($896 million) AXA lost when dealing with mis-sold payment protection insurance claims, arguing an earlier judge wrongly found it was liable irrespective of when the policies were sold.

  • Starmer's IP Policy Chief Picked For New AI Cabinet Role

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    Prime Minister Andy Burnham has handed a cabinet role to artificial intelligence minister Kanishka Narayan, raising questions about the fate of intellectual property — previously part of Narayan's remit — within a reshuffled government.

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  • New Chancellor Faces Pressure To Remodel Consumer Credit

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    A trade association for British consumer lending businesses called Tuesday on newly appointed Chancellor John Healey to follow through with plans of his predecessor Rachel Reeves to revise the Consumer Credit Act to encourage more investment in the economy.

  • Orrick Beats $74M Negligence Claim Over Carlyle Deal Advice

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    Orrick Herrington & Sutcliffe LLP defeated a Nigerian tourism company's $74 million professional negligence claim over legal advice on an investment deal with The Carlyle Group, as a London judge ruled Tuesday that the claim was time-barred.

  • Travers Smith Posts Record £229M Turnover

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    Travers Smith reported on Tuesday that turnover has recovered to hit an all-time high of almost £230 million ($308 million) and that revenue per lawyer and partner profits also reached record levels, driven by growth across its operations.

  • London Aims For Global Appeal With Continuous Trading

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    The London Stock Exchange said Tuesday that it will allow worldwide investors to trade on its platform continuously from Monday to Friday to boost its appeal across global time zones.

  • Linklaters Posts 11% PEP Gain As US Growth Accelerates

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    Linklaters LLP said Tuesday that profit per equity partner rose by more than 11% as the firm continued to push for growth in the lucrative U.S. market, although the increase was slower than the growth it recorded a year earlier.

  • 'Devious' Castle Fraud Solicitor Hid Assets, Prosecutor Says

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    A solicitor imprisoned for defrauding a client of £10.3 million ($13.8 million) in a sham deal to buy a Scottish castle has enough hidden assets to pay back his victim, a prosecutor told a confiscation hearing Monday.

  • Carter-Ruck Challenge Threatens SRA Misconduct Cases

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    More than 1,000 claimants are set to be withdrawn from group litigation alleging that Johnson & Johnson knowingly sold baby powder contaminated with asbestos in the U.K., though a London judge decided against striking them out.

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  • Clemens York
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    The European Union’s forthcoming review of the Foreign Subsidies Regulation, revealing reassuringly low intervention rates but a bur... (read more)
  • Rory Spillman
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  • Anna Lyle-Smythe
    EU Merger Overhaul Gives New Weight To Deal Efficiencies
    The European Commission’s recently published draft merger guidelines mark a recalibration rather than a revolution, yet by elevating... (read more)
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