A judge in London has scrapped a property investor's suit against Lloyds Banking Group over its conduct during a review of interest rate hedging products that he bought in the mid-2000s, ruling on Friday that he had not taken the necessary steps for bringing his claim.
The Serious Fraud Office must ask its former employees whether they used personal mobile phones when doing work for the agency as part of ENRC's lawsuit accusing it of colluding with the Kazakh mining giant's former law firm, a judge said on Friday.
A judge has allowed a French movie producer to amend his fraud suit against nearly a dozen financial advisers and former HSBC bankers, dismissing objections on Friday from some of the defendants that the proposed changes "significantly disfigure the claim."
Six German subsidiaries of payments company Wirecard AG have applied for insolvency proceedings as administrators prepare to sell off assets to dismantle the group amid a fraud investigation.
The last week has seen a competition suit against Royal Mail, a Saint-Gobain unit lodge a patent claim against 3M and a Russian bank file another suit against Mozambique and one of the state-owned entities embroiled in a $2 billion bribery scandal. Here, Law360 looks at those and other new claims in the U.K.
An online trading platform is chasing real-estate tycoon Robert Tchenguiz for at least £1.1 million ($1.4 million) in unpaid debts after his bets on a rail and bus company went sour.
A protocol aimed at helping the international arbitration community adopt a globally consistent approach to online case management platforms has been released, a document that its authors say they hope will become a reference point for arbitration users looking to move their disputes online.
Safeway told an English appeals court Thursday the European Court of Justice's ruling that it couldn't retrospectively bump the retirement age of some female employees up to 65 didn't apply to a slim four-month period before changes were made to the workers' pension plan.
A group of investors suing financial advisers, accountants and banks over their alleged role in a failed film tax relief scheme operated by Ingenious Media must disclose other investments they made and advice they received, a London judge ruled Thursday.
European Union countries can't prohibit the use of new information by those attempting to correct invoices for value-added tax transactions, the bloc's highest court ruled Thursday in a case involving agricultural businesses in Romania and Germany.
Sky Ltd. and SkyKick can each challenge rulings in their trademark dispute after a court in London ruled that the British telecommunications giant had registered some uses in bad faith but concluded that the Seattle startup had infringed others.
Barclays' former chief executive defended payments made by the bank to Qatar as it sought to raise capital in 2008, arguing at PCP Capital's £1.6 billion ($2 billion) fraud trial on Thursday that they were a legitimate part of a long-term strategy to generate more business.
A judge has refused to toss out Johnny Depp's libel suit against the publisher of The Sun newspaper after the actor's legal team failed to disclose text messages about his drug use, saying on Thursday that he accepted it was done in error.
The British government has "unequivocally recognized" opposition leader Juan Guaidó as president of Venezuela, a judge ruled at a London court on Thursday as he found against the Nicolás Maduro government in a legal battle over access to €930 million ($1 billion) of gold stored at the Bank of England.
Investment manager BlackRock is not entitled to an exemption from value added tax on its technology platform under a provision meant to protect special investment funds, the European Union's top court ruled on Thursday.
A London judge declined to set aside an order dispensing with formal service requirements relating to Unión Fenosa Gas' efforts to enforce a $2 billion arbitral award against Egypt after a certificate of service was apparently lost on its way back from Cairo to England.
First City Monument Bank urged a London judge on Wednesday to order Zumax Nigeria Ltd. to return the more than £3.6 million ($4.5 million) the bank paid the engineering company for a now-overturned judgment, or face having its suit over the money tossed.
A London judge agreed Wednesday to let Mozambique amend its lawsuit against a United Arab Emirates shipbuilder in its dispute with Credit Suisse over a $2 billion fraud and bribery scheme, rejecting claims the country had sued a company that no longer existed.
Lawyers for BDO LLP told a judge Wednesday that a property developer accusing the accounting firm of unlawfully conspiring with Barclays Bank PLC is wasting the court's time because identical claims against the lender have already been struck out.
Senior managers at G4S PLC "turned a blind eye" to the security and outsourcing giant's long-running practice of overcharging the British government for electronic tagging of offenders, institutional investors have alleged in a lawsuit claiming the group inflated its share price.
Police and prosecutors raided Wirecard's head office in Germany and four other properties on Wednesday in a widening investigation into alleged fraud linked to €1.9 billion ($2.1 billion) missing from the company's accounts.
Thousands of small businesses across the U.K. could see their financial futures turn on a High Court test case brought by the Financial Conduct Authority later this month, an action that could set new precedents for insurance law and the speed of the legal process.
A London judge has refused to reconsider his ruling that aviation magnate Farhad Azima defrauded an Emirati state-owned fund, saying Tuesday that a Dechert attorney's incorrect testimony at trial did not alter the substantive findings against the Arab-American businessman.
The former chairman of a British-based mining investment company does not have a right to sue Lloyds Bank PLC over millions of pounds worth of swaps linked to Libor, the lender argued as it denied engaging in deceit or misrepresentation.
Pfizer kicked off a London trial against Merck Sharp & Dohme on Tuesday by saying the rival pharmaceutical company's proposed pneumonia vaccine infringes its Prevenar 13 patent, meaning the U.S. drugmaker should pay for use of its technology.
The May decision by England's High Court in MEF v. St. George's Healthcare is a reminder that, notwithstanding the advantages of making a settlement offer under Part 36 of the Civil Procedure Rules, Calderbank offers should always be considered as part of any settlement strategy, says Afzalah Sarwar at Morgan Lewis.
The U.K. Cabinet Office's recent guidance on how parties to contracts should address COVID-19 impact is unusual in underscoring the reputational consequences of commercial conduct, but so are the circumstances that have given rise to it, say Christa Band and Jane Larner at Linklaters.
Two recent U.K. Court of Appeal decisions have changed the operation of the choice-of-law test for arbitration — a resolution as significant as changing the test itself because it affects the implied choices of the contracting parties, say attorneys at Squire Patton.
A French court's recent ruling in a dispute between two energy companies may represent the first commercial case law recognizing the COVID-19 pandemic as a force majeure event — and the court's close analysis of the parties' contract is relevant to companies in other jurisdictions, say attorneys at Signature Litigation.
Globally, we are already starting to see insolvency-related claims and a number of insurance, breach of contract, employment and securities class actions across numerous sectors. These and other claims will likely increase for U.K. businesses, say Tracey Dovaston and Fiona Huntriss at Boies Schiller.
The recent ruling by the English Commercial Court in National Bank of Kazakhstan v. BNY Mellon is a reminder of the potential difficulties that agency relationships — or the possibility of them — can create for contractual enforcement and interpretation, even years after a contract is signed, says Jonathan Swil at Shearman & Sterling.
While the U.K. Bribery Act has been positive overall, regulators should seek urgent reform to better enable the investigation and prosecution of companies and individuals for economic crimes, especially in cases directly harming people and the environment, says Chris Phillips at Alvarez & Marsal.
As COVID-19-related fraud gains pace, U.K.-based practitioners should help combat money laundering by using alternative methods to verify that new clients are who they say they are, says Christopher Convey, a barrister at 33 Chancery Lane and chair of the Bar Council's Money Laundering Working Group.
While data protection laws are not naturally associated with efforts to impede the use of the death penalty, a recent U.K. Supreme Court ruling related to the U.S. investigation of an ISIS militant has implications for authorities seeking to transfer data to international counterparts, as well as private data controls generally, says David Rundle at WilmerHale.
With an eye on the impact of COVID-19 and the evolving threat of financial crime, Christa Band and Jane Larner at Linklaters provide an overview of the near-future challenges financial institutions should expect.
Class actions have been growing in prominence in the U.K. courts for a number of years, and the pandemic clearly has the potential to exacerbate that trend in certain areas in the coming weeks, months and years, say attorneys at Herbert Smith.
An agreement for the termination of intra-European Union bilateral investment treaties signed last week was intended to eliminate arbitration claims brought outside of the member states' court systems, but may have left certain avenues for such claims, say attorneys at Dechert.
Covington attorneys Alex Leitch and Harry Denlegh-Maxwell provide a bird's-eye view of how U.K. businesses will navigate the legal and economic aftermath of the pandemic, including discussion of where litigation funding, class actions, insurance disputes and force majeure fit it.
Aside from certain hearings that might not be suitably conducted via videoconferencing, the disruptive impact of COVID-19 on international arbitration has been relatively modest — however widescale remote work exacerbates the gaps in cybersecurity, say Claire Morel de Westgaver and Rachel Chiu at Bryan Cave.
The English High Courts' shift to virtual hearings has dramatically altered courtroom dynamics, introducing many new variables and forfeiting the benefit of nonverbal communication, says Tom Sprange QC at King & Spalding.