Morning roundup: US, UBS close to settling

Legal news from today's papers . . .

* UBS is locked in talks with the US and Swiss governments to settle a legal battle over the identity of 52,000 American taxpayers with offshore accounts (Financial Times, The Wall Street Journal).

* Leslie Seldon, a solicitor who was forced to leave his job at the age of 65, will bring a test appeal today in the first challenge over compulsory retirement to reach the Court of Appeal (The Times).

* The Conservatives are considering a radical overhaul of family law should they win the next election that could include introducing a compulsory three month "cooling off" period before couples are allowed to divorce (The Telegraph).

* China's President Hu Jintao personally endorsed an investigation into global miner Rio Tinto that led to the detention of four of its China-based staff, an Australian newspaper has claimed (The Telegraph).