Magnus Peterson, the founder of the collapsed hedge fund Weavering Capital (UK) Ltd., is seeking to delay a criminal prosecution against him by arguing that U.K. prosecutors acted unfairly in the case.
It’s a Wednesday night in London, and Vincent Tchenguiz, the biggest owner of residential real estate units in the U.K., is getting wound up about the criminal case that paralyzed his business and threatened to land him in prison.
Richard Alderman, the director of the U.K.’s Serious Fraud Office, steps down today after a four- year term in which ambitious reforms to combat bribery were hampered by a dwindling budget and a depleted staff.
U.K. prosecutors plan to send as much as 30 million pounds ($45.7 million) from a BAE Systems Plc bribery-probe settlement to Tanzania, the country where officials took the payoffs, in an approach their U.S. counterparts reject.
Allens Arthur Robinson, a 190-year- old Australian law firm, and Linklaters LLP, a London-based firm with 2,200 lawyers, agreed on an alliance to compete internationally with local firms that have grown after combining with foreign ones.