CASE HUB ARCHIVED—this archived case hub reflects the position at the date of the decision of 30 November 2023; it is no longer maintained. See further, timeline and commentary. Case facts Outline Article 101 TFEU/Chapter I investigation into three money transfer firms in relation to a breach of competition law for fixing prices charged to customers in Glasgow for transferring money from the UK to Pakistan. Latest development On 30 November 2023, the FCA issued its infringement decision. All three undertakings admitted to the FCA that they breached competition law and received settlement discounts to reflect resource savings to the FCA in bringing the investigation to an earlier conclusion. The FCA imposed fines totalling £154,300.Total fines imposed on each party were as follows:•

The calculation of the actual return achieved over a period, based partly upon cash in – and outflows of the fund. It is therefore not suitable for comparative analysis of investment managers' performance, since external cash flows are usually beyond the managers' control.

The Pensions Dashboards Programme (PDP) has issued an update following a dashboards town hall event hosted by the Money and Pensions Service (MaPS) on 9 July 2025 with attendees including Pensions Minister, Torsten Bell, the Pensions Regulator and the Financial Conduct Authority. The PDP’s update confirms that hundreds of pension providers and schemes and 20 million pension records have now been connected to the state-provided MoneyHelper Pensions Dashboards ecosystem, with the state pension also having completed ‘technical connection’. Attendees were also presented with MaPS’ approach to consumer testing of the MoneyHelper Pensions Dashboard which is due to begin its testing programme during summer 2025. The Pensions Minister also announced at the town hall that the Department for Work and Pensions (DWP) would give the industry six months’ prior notice of the formal launch date of the MoneyHelper Pensions Dashboard, while also confirming that the government remains committed to the industry developing its own private sector dashboards.

The Pensions Dashboards Programme (PDP) has revealed that it expects the MoneyHelper pensions dashboard to be available to the public in the financial year 2027/28. The PDP will provide an update on launch plans around the time of the 31 October 2026 connection deadline, when significantly more user testing will have been undertaken.

MoneyHelper has published a new guide entitled 'How to take your pension: a step-by-step guide', replacing its previous 'Your pension: your choices' guide from 7 April 2026.

A conversation with Bolormaa Volodya, partner, at GRATA International on key issues on foreign direct investment (FDI) control in Mongolia. 1. What is the applicable legislation? Foreign direct investment is regulated by the Law of Mongolia on Investment (2013). 2. Which government or other body (or bodies) reviews foreign investments? State central administrative organization in charge of investment matters or the “Ministry of Economy and Development of Mongolia” (the “Ministry”) exercise the following functions: • To ensure and monitor the implementation of legislation on investment; • To develop proposals on investment policy, investment promotions and measures, and to present them to the Government for the approval; • To implement comprehensive activities to attract investment; • To provide support and services for the protection of the legal interest of investors; • To promote the legal environment of investment and favorable conditions of the domestic market to investors; • To support the investment planning of investors; • To provide consulting and one-stop online services regarding other state services related to investment; • To issue a stabilization certification

NOTE—to see whether notification thresholds in Mongolia and throughout the world are met, see further: Where to Notify. 1. Have there been any recent developments regarding the merger control regime in Mongolia and are any updates or developments expected in the coming year? Are there any other ‘hot’ merger control issues in Mongolia? Pursuant to the Investment Law enacted by the Parliament of Mongolia on 3 October 2013 and amended from time to time (Investment Law), the general regulatory framework relevant to mergers and acquisitions (including foreign investment-related approvals and sector-specific requirements): • Approval of the shareholding structure: under the Investment Law, a foreign state-owned entity, being an entity of which 50% or more of the shares are directly or indirectly owned by a foreign state, is required to obtain prior approval from the state central administrative body in charge of investment affairs if it intends to acquire 33% or more of the issued shares of a Mongolian legal entity operating in the mineral resources, banking and finance, or media and communications

R3, the UK trade association for restructuring, turnaround and insolvency, has appointed Monica Kapur, as Chair of its Midlands committee, succeeding Stephen Rome. Kapur will represent the interests of restructuring, turnaround and insolvency professionals across the region. Kapur has identified increasing diversity and inclusion within the profession as a key priority, reflecting R3 President Sonia Jordan’s focus on broadening access and representation across the sector. She also highlighted the continued importance of the profession in supporting businesses facing cash-flow pressures caused by an increase in late payments. R3 Chief Executive Caroline Sumner welcomed the appointment, citing Kapur’s experience and commitment to supporting members and the wider profession.

Restructuring & Insolvency analysis: It is rare that a bankrupt will receive a substantial sum of money which might be claimed by a trustee in bankruptcy as after-acquired property. Rarer still is a case where a bankrupt receives such a sum, and then goes to every possible length to hide the receipt of the sum from his trustee. This was exactly that case. The court held that a sum of money paid to the bankrupt’s son’s solicitors pursuant to a Settlement Agreement was entirely beneficially owned by the bankrupt, and that none of the various parties who had subsequently received part of that sum had done so in good faith, for value and without notice of the bankruptcy. The trustees in bankruptcy therefore succeeded in their case that the entirety of the sum had been claimed as after-acquired property by the service of the relevant notice. Written by Jessica Powers, barrister at New Square Chambers.

An Insolvency Practitioner appointed to a company as part of a Moratorium process under Part A1 of IA 1986.

The measurement of radiation levels, concentrations, surface area concentrations or quantities of radioactive material and the use of the results of these measurements to evaluate potential exposures and doses.

An officer conducting specified legal corporate governance functions which relevant authorities must appoint under the Local Government and Housing Act 1989 (LGHA 1989)., ss 5, 5A