Top Stories

• 

  Gov't Warned Potential Revival Of Tribunal Fees May Backfire

  By Adele Redmond

  The U.K. government will have to tread carefully if it decides to reintroduce fees for workers to bring employme...(read more)

• 

  Commerzbank Says Analyst Made Bogus Harassment Claims

  By Ronan Barnard

  Commerzbank urged a London judge on Thursday to find a former analyst was in contempt for making "wholly bogus" ...(read more)

ADVERTISEMENT


• McLaren Claims Driver's Exit Cost Millions In Sponsorships

  By Sophia Dourou

  Former McLaren driver Álex Palou cost the British motor racing group millions when he walked away from his contract, depriving the team of a "generational talent," company lawyers argued at the opening of a $21 million trial Thursday.

• Russia Claims Fraud Tainted $63B Yukos Arbitration Awards

  By William Janes

  Russia has told a London court that a $63 billion arbitration award to investors in Yukos Oil is unenforceable because the investors obtained it by concealing documents and bribing a witness.

• Court Axes $23M COVID Mask Claim Against Logistics Biz

  By Eddie Beaver

  An appeals court has dismissed a $23.1 million claim brought by a medical supplies manufacturer over a logistics company's refusal to pay for 77 million face masks during the COVID-19 pandemic, finding on Thursday that the buyer was entitled to axe the deal when it did.

• BA Rejects Passengers' Data-Breach Claims As 'Unarguable'

  By William Janes

  British Airways has hit back at claims from thousands of customers who allege that the airline failed to protect their personal data from a cyberattack, arguing that the claims are time-barred and not well founded.

• Tax KC Sued By Hedge Fund Billionaire Over Negligence

  By Hanna Vioque

  Billionaire Michael Platt and his hedge fund BlueCrest Capital Management have sued a senior One Essex Court barrister who represented them in a dispute with the U.K. tax authority over the identity of awards paid under a special partnership program. 

• Weil Taps 2 Latham Partners To Boost German PE Practice

  By Ashish Sareen

  Weil Gotshal & Manges LLP said Thursday that it has snapped up two leading private equity partners from Latham & Watkins in Germany.

• Denmark Loses £1.4B Cum-Ex Fraud Case Against UK Trader

  By Joanne Faulkner

  Denmark lost on Thursday its £1.4 billion ($1.9 billion) legal claim against scores of traders and financial institutions over a cum-ex tax fraud it said was orchestrated by convicted hedge fund trader Sanjay Shah.

• FCA's Crypto Rules Risk Abuse Without Tailored Safeguards

  By Alex Davidson

  The proposed U.K. crypto-asset regime risks abuse because it tries to clamp traditional finance rules on to a digital asset class, leaving gaps which expose unwary investors to criminals unless new safeguards are added, legal experts have warned.

• Luxury Retailer Matches Must Pay Out Over Mass Layoffs

  By Hanna Vioque

  Defunct luxury retailer Matchesfashion must pay a protective award to nearly 300 staffers it made redundant before entering into administration because it failed to properly consult them beforehand, an employment tribunal has ruled.

• Nokia Sues Paramount In Germany, UPC Over Video Patents

  By Jamie Lennox

  Nokia said Wednesday that it has sued Paramount at the Unified Patent Court and in Germany, alleging that the company has infringed its patents for video-related technologies.

• Bank CEO Cleared Of Dishonestly Assisting £415M Tax Fraud

  By William Janes

  A Caribbean bank and its former chief executive have been cleared of dishonestly assisting a £415 million ($558 million) value-added tax fraud as a London court ruled that he did not know about the scheme to defraud tax authorities.

• Michelle Mone-Linked Biz To Pay £122M For PPE Deal Breach

  By Sophia Dourou

  A medical equipment company linked to Conservative peer Michelle Mone must repay the government £122 million ($164 million) after it provided unsafe surgical gowns during the early days of the COVID-19 pandemic, a court ruled on Wednesday.