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Mozambique Targets Heirs Over 'Tuna Bond' Bribery Award
Mozambique urged a London court on Wednesday to hold the heirs of shipbuilding magnate Iskandar Safa liable for the French-Lebanese billionaire's involvement in a bribery scheme as the country seeks to enforce a $1.9 billion damages award.
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The Bank of Scotland acted in bad faith by forcing a high-end hotel group it partly owns to sell valuable premises at a reduced price, a lawyer for the hospitality chain said on the first day of trial Wednesday.
Insurance law firm Keoghs LLP said Wednesday it has expanded into Ireland with the acquisition of Dublin-based O'Brien Lynam Solicitors, in a deal steered by A&L Goodbody LLP and Addleshaw Goddard (Ireland) LLP.
A legal loans company has sued an insurer for around £61.4 million ($80.3 million) over its alleged failure to pay out under a litigation funding arrangement.
Lawyers representing thousands of Nigerian villagers urged the Court of Appeal on Wednesday to reverse a ruling that requires them to prove that Shell is responsible for all the chronic oil pollution in their claim against the energy giant.
A former securities trader asked the U.K. Supreme Court Wednesday to overturn his extradition to America to face insider trading charges, arguing that he cannot be sent to the U.S. over offenses alleged to have taken place in Britain.
Davis Polk & Wardwell LLP has increased the base salaries of trainee solicitors in its London office to as much as £70,000 ($91,500), the highest reported trainee salary so far as the battle to retain talent in the English capital takes another twist.
Rio Tinto said Wednesday that it has agreed to acquire Arcadium Lithium PLC for approximately $6.7 billion to solidify its position as the global leader in energy transition commodities, in a deal guided by Linklaters and Davis Polk.
Six former employees of Glencore PLC will stand trial in 2027 on corruption charges over allegations leveled by the Serious Fraud Office that they paid bribes to secure lucrative contracts for the oil giant in West Africa, a London judge said Wednesday.
Pfizer and BioNTech won their bid to scrap two CureVac patents Tuesday, after a London judge held that the gene therapy-related invention was missing key information that would merit protection.
The traditional hourly billing model in the legal industry is facing increasing scrutiny as in-house legal teams leverage technology to enhance efficiency, the co-founder of a leading AI service told Law360.