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High Court Orders Claimant To Pay Defendant's Costs After Recovering Just 1.6% Of Its Professional Negligence Claim
The High Court has ruled that a company in liquidation must pay 85% of its former auditor's costs despite winning a professional negligence claim, after recovering only 1.6% of the damages sought. The decision examines when a claimant can be considered the 'successful party' for costs purposes and reinforces the high threshold for avoiding standard Part 36 offer consequences.
United Kingdom Litigation
KL
Herbert Smith Freehills Kramer LLP
Article
HM Treasury Designates Four Critical Third Parties To The UK Financial System
HM Treasury has designated four major global cloud and technology providers as critical third parties under the UK's new operational resilience regime, granting financial regulators direct oversight powers over systemic services that could threaten financial stability. The designations mark the first implementation of rules established under the Financial Services and Markets Act 2023, mirroring the EU's DORA framework while maintaining a targeted, risk-based approach to protecting the UK financial system f
United Kingdom Finance
KM
Katten Muchin Rosenman LLP
Article
MAR Update: New Simplified Insider List Templates Now In Force
The European Commission has introduced revised implementing technical standards for insider list formats under the Market Abuse Regulation, significantly reducing administrative burdens by removing several personal data fields and extending simplified formats to all issuers. These changes, which entered into force on 5 July 2026, require issuers to update their insider list templates while maintaining core compliance obligations for tracking individuals with access to inside information.
Malta Commercial
CP
Camilleri Preziosi Advocates
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