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Risk Channel helps you stay ahead of essential risk news shaping your profession. Every weekday, our unique blend of AI, risk experts and researchers monitor 100,000s of articles to share a summary of the most relevant and useful content to help you lead, innovate and grow.

From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.

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Risk Channel
North America
U.S. government may have to pay millions of dollars in legal bills

Bloomberg reports that the U.S. government may have to pay millions of dollars in legal bills to successful challengers of the Trump administration's executive actions and policies. Attorneys have sought fees exceeding $100,000 in at least 10 cases over the past year, totalling more than $2.5m, according to a Bloomberg analysis of court records. Federal agencies can be required to pay attorneys’ fees when they lose in court under the Equal Access to Justice Act of 1980, which entitles “prevailing parties” to recoup legal expenses if the government’s position wasn’t “substantially justified.” Steven Brown, a Houston-based lawyer who is seeking more than $180,000 in fees in lawsuits contesting the Trump administration’s efforts to cancel foreign students’ legal status, observed: “It’s important that when the government can’t justify itself, courts can award costs.”

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Risk Channel
UK/Europe
BP puts its UK North Sea business up for sale

BP has put its UK North Sea business up for sale. The UK oil major, which has five oil and gas hubs in UK waters, said the move was part of an ongoing review of the business. Experts say BP could now look to shift its HQ from London to New York, costing the UK government millions in lost stamp duty. BP chief executive Meg O'Neill said: "As we focus our portfolio and direct capital to our highest-value opportunities, we believe our North Sea business will be better positioned as part of another company . . . It has world-class people, resilient assets and a proud heritage, and it is precisely these qualities that can attract an owner ready to back its next chapter. We are seeking an outcome that recognises that value."

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