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Shah told the High Court as he gave evidence via video link that his hedge fund used a "defect" in European tax laws to legally execute trades in Denmark. (iStock.com/VictorHuang)

I Am An Honest Man, British Trader Tells £1.4B Fraud Trial

Sanjay Shah, a former hedge fund owner who is accused of defrauding Denmark's tax authority out of £1.4 billion ($1.8 billion), told a London court on Tuesday that he is an "honest man" who traded using a legal "loophole."

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Attys With AI Skills Command Pay Bumps In The US, UK

Lawyer job listings that require artificial intelligence skills carry a wage premium of up to 49% higher in some markets, according to a report released Tuesday.

Injured Ex-Cops Take Disability Case To Court Of Appeal

Two former police officers urged an appeals court Tuesday to revive their claim that pensions rules for those disabled in the line of duty are discriminatory, arguing that an employment tribunal was wrong to find it had no jurisdiction over the question.

Mastercard, Visa Fee Hikes Face UK Competition Scrutiny

The Payment Systems Regulator said Tuesday that the two biggest card operators, Mastercard and Visa, do not give value for money on their services and that it will take steps to hold them more accountable.

Prince Harry Fails To Drag Rupert Murdoch Into Privacy Claim

Prince Harry and others suing the U.K. arm of Rupert Murdoch's News Corp. failed on Tuesday to drag the media mogul into their claim as a London judge refused to expand their case to include allegations that he was part of an alleged cover-up.

CMS Becomes First 'Foster Friendly' UK Firm With New Policy

CMS Cameron McKenna Nabarro Olswang LLP said on Tuesday that it has introduced a new policy committing it to support staff who are foster carers, becoming the first U.K. law firm to receive a "Foster Friendly" accreditation.

Hayes Gets Lifeline In Bid To Overturn Libor Conviction

An English appellate court on Tuesday opened the door for two traders convicted of manipulating benchmark interest rates to appeal to the U.K.'s top court but said that the justices must decide whether to hear the case. 

Civil Servants Lose Fight To Relaunch Age Bias Case

A group of 20 civil servants lost its bid Monday to revive claims that a redundancy compensation scheme was unjustifiably biased against older employees, with an appeals tribunal ruling that a lower court correctly found their case to be vexatious.

Small Law Firms Turning To Tech In Bid To Fuel Growth

A rising number of small U.K. law firms are harboring ambitions to expand their business over the next year, an industry survey published Tuesday has revealed, with more than half turning to legal technology as the way forward.

Rugby Players Still Can't Join Forces For Concussion Claims

A London judge declined again on Monday to combine negligence claims brought by almost 300 former rugby players, as governing bodies for the sport argued they had only just become aware of more medical evidence about conditions allegedly caused by repeated concussions.

Judge Approves Bankruptcy Order On Ex-Axiom Ince Chief

A judge approved on Monday a bankruptcy order against the former head of Axiom Ince Ltd. after the now-collapsed law firm failed to pay monthly installments for its acquisition of Ince.

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