Truck Maker Challenges Cartel Lawsuit Funding Deals
Truck purchasers are using unenforceable funding arrangements that should prevent them from bringing a price-fixing class action against DAF and other leading manufacturers, lawyers for the truck-maker told a London appeals court on Tuesday.
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Patent manager IPCom urged an appellate court Tuesday to reverse a decision allowing Vodafone to escape liability for infringing its patent for a 4G network technology since the use was for emergency situations.
A port authority that docked cruise ships during the pandemic stands to collect more than £1.5 million ($2 million) in fees from the sale of two luxury liners after a London judge said Tuesday that it was not unfair to increase charges when the ship operator went bankrupt.
Legal & General Assurance Society Ltd. has insured £400 million ($550 million) of its own staff pension liabilities against risk connect to investments, as it forecasts continued market volatility could increase demand for similar types of deals.
The head of Britain's command center for fighting economic crime called for reforms of the system for reporting potential money laundering on Monday, telling an influential committee of lawmakers that too many low-quality reports are being submitted to criminal investigators.
A judge has ruled that an employment tribunal failed to give proper consideration to a claim by a British Airways employee that the airline's policy of deducting paid time off when workers took parental leave discriminates against women.
The Court of Appeal has ruled that employment tribunals can be treated as courts authorized to adjudicate when commercial issues arise, and do not have to refer disputes involving complicated insurance matters to specialist judges.
Online clothing retailer Boohoo said Monday it has paid £55 million ($75 million) for the global rights to the Debenhams brand, as a London judge separately ordered the high street chain's holding company to be wound up.
General Electric has sued the U.K. renewable power arm of Siemens, claiming the German industrial giant is infringing its patent for a technology used in offshore wind turbines in the latest legal tangle between the conglomerates.
The Financial Conduct Authority said on Friday that a day trader convicted of insider dealing along with a friend who worked at UBS Group AG must pay approximately £3.9 million ($5.3 million) under a confiscation order.
Insurers should consider the impact of last week's Supreme Court judgment on business interruption insurance for other types of claims, particularly those from flooding and storms, the Financial Conduct Authority said on Friday.