Despite his claims to the contrary, a trio of Dechert lawyers in London say a former United Arab Emirates investment fund executive "willingly" participated in an investigation they led and that he confessed to committing fraud, according to a filing made public Thursday.
An English judge on Thursday denied a Zimbabwean commercial forestry company's bid to overturn an order allowing a former investor to serve documents relating to efforts to enforce a $124 million arbitral award, rejecting arguments that the order violated Zimbabwean law.
Philips urged a London judge Thursday to order TCL Corp. to provide information on its worldwide sales so it can begin to assess financial damages for its infringement claims.
A London judge has ordered the Financial Conduct Authority to pay a mortgage broker's legal costs over its "unreasonable" decision to pull the business' trading permissions for not having insurance amid a broad mortgage fraud probe.
McDermott Will & Emery LLP has reported itself to the U.K.'s solicitor regulatory body after allowing a restricted Zoom link for its client's trial against the author of the Trump dossier to be distributed to individuals outside of the case, drawing criticism Thursday from a high-ranking judge.
Defense contractor Airbus SE was hit with a proposed class action Thursday alleging company executives misled investors about corruption probes and a subsequent $4 billion settlement that led to multiple stock drops over a four-year period.
Credit Suisse argued that the Libyan Investment Authority shouldn't be allowed to sue it over alleged bribes to a businessman with ties to former Libyan dictator Moammar Gadhafi's regime because the claims have already been resolved in lawsuits against other financial giants.
A judge refused on Thursday to release £12.7 million ($16.7 million) in assets held by the court to a hedge fund founder accused of masterminding a $2 billion tax fraud against Denmark, saying the Dubai-based businessman needed only a slice of the money to pay his legal fees.
A Russian financier's company urged a London court on Thursday to revive its fight against a $50 million lawsuit brought by a Luxembourg-based asset manager over an unpaid loan, saying its creditors have paid for its defense.
Broadcaster ITV has submitted an initial offer of £31 million ($41 million) to bail out a troubled retirement fund, but warned on Thursday that it will consider further legal action against the pensions watchdog it they cannot reach an agreement.
Quinn Emanuel Urquhart & Sullivan LLP said Thursday it has snagged a commercial litigation expert from Fried Frank as a partner in its London office.
Insurers should pay the legal costs of small companies that pursue litigation over rejected claims for business interruption in test cases, even if the insurer wins the dispute, according to directions issued by the Central Bank of Ireland.
A New York federal judge on Tuesday doubled down on his decision to keep two Australian banks as defendants in a proposed class action alleging manipulation of Australia's benchmark interest rate, refusing to dismiss them alongside seven other banks.
A contentious fight over board control for a London-based gold miner operating in Russia spilled into a British courtroom Wednesday with a judge accusing a shareholder seeking to tighten an injunction before a board vote of shifting his argument at the end of an all-day hearing.
The Court of Appeal ruled Wednesday that a congestion charge for London minicabs does not indirectly discriminate against Black and ethnic minority drivers even though taxis run by mostly white drivers remain exempt from the fee.
The chairman of a British construction adviser has sued Irwin Mitchell for £1.3 million ($1.7 million) in London over advice from a predecessor that allegedly stiffed him on the sale of his shares to a real estate developer.
A judge said on Wednesday that institutional investors suing some of the world's largest banks for allegedly conspiring to manipulate the foreign exchange market could reformulate their accusations after the lenders were ordered to disclose new evidence overseas.
A judge has handed Meghan Markle a win in her privacy suit against a British tabloid that published her letter to her father, saying on Wednesday that the names of five friends who gave confidential interviews to People magazine would remain undisclosed — for the time being.
Britain's highest court restored a Hong Kong ship owner's $68.6 million damages award on Wednesday, overturning an appellate decision requiring a new trial to determine whether the company had paid bribes to secure the hiring of one of its vessels.
Spain has slammed a Dutch renewable energy firm's latest bid to collect a €64.5 million ($71.35 million) arbitral award against the Iberian nation, telling a D.C. federal judge that he shouldn't remove a stay he imposed because his reasons for imposing it haven't changed.
Mylan SAS fought back allegations that its planned generic version of a blood transfusion drug made by Novartis AG would infringe Novartis' exclusive rights, arguing that the pharmaceutical giant wasn't entitled to another extension after its protection under Europe's orphan drug program lapsed.
Engine manufacturing giant Rolls-Royce has told a London court it is owed more than £26 million ($34 million) from a construction company after its new flagship factory was handed over with "significant defects" and health and safety concerns.
Telecommunications giant Vodafone has hit a SIM card distributor with a £2 million ($2.6 million) counterclaim in London for the "artificial activation" of more than 140,000 cards, saying the huge surge in sales does not appear to be genuine.
A London judge gave Virgin Atlantic the go-ahead on Tuesday to take its planned £1.2 billion ($1.5 billion) recapitalization to creditors for approval, after the airline said it is facing a severe liquidity crisis because of the coronavirus pandemic.
The Bank of Cyprus is facing a €28 million ($33 million) lawsuit in London after Helix Subco SARL upped its claim accusing the lender of submitting inaccurate data files ahead of a loan portfolio transaction.
Investors' recent lawsuit against HSBC over film-related tax avoidance schemes spotlights the difficult balancing act of crafting practical tax relief legislation while safeguarding against abuse, says Andrew Parkes at Andersen Tax.
With the twin pressures of COVID-19 and Brexit placing businesses from all sectors under acute financial stress, a wave of breach of warranty and fraud litigation will likely bring a number of below-the-radar warranties to the forefront, say Tom Snelling at Signature Litigation and Sophie Shaw at Brick Court Chambers.
Parties looking to invoke a force majeure clause or argue a contract has been frustrated should look beyond the pandemic to the specific event that prevented, hindered or delayed performance to justify cancelling a contract, say Robert Maxwell Marsh and Daniel Powell at Zaiwalla & Co.
Any legally represented defendant prosecuted by the Serious Fraud Office or the Crown Prosecution Service's Specialist Fraud Division should have the right to demand a judicial method of determining their guilt or innocence — and COVID-19 could be a catalyst for necessary change, says David Corker at Corker Binning.
While the U.K. Supreme Court decision last month in the MasterCard and Visa multilateral interchange fees cases rectifies a number of inconsistent decisions in the litigation saga, the court's findings on the "pass-on defense" in competition damages claims are of wider application, says Kim Dietzel at Herbert Smith.
In light of the Court of Justice of the European Union's ruling invalidating the EU-U.S. privacy shield, data processors and operators should consider several issues before using standard contractual clauses to move personal information to the U.S., say attorneys at Akin Gump.
As the judiciary braces for widespread pandemic-driven contractual disputes, courts in England and Wales are showing enthusiastic support for mediation, both when determining the implications of a party's refusal to mediate and when assessing whether normal restrictions on the use of mediation-derived information apply, says Leah Alpren-Waterman at Watson Farley.
The political agreement obtained last month on the first European Union-wide rules on collective redress illustrates the fact that the main goal of the authorities is to increase the number of class action claims rather than focus on the application of standard civil liability principles, says Sylvie Gallage-Alwis at Signature Litigation.
As indicated by the U.K.'s recent application to join the Lugano Convention, this is an "oven-ready" option for the U.K. for governing questions of jurisdiction and the enforcement of judgments with European Union countries after Brexit — but not without important differences from the current regime, say attorneys at Latham.
While France's highest administrative court last month did confirm the 2019 decision by the country's data protection regulator CNIL fining Google 50 million euros for alleged violations of the General Data Protection Regulation, the court also corrected CNIL on a key element of GDPR enforcement — how to apply the "one-stop-shop mechanism," say attorneys at MoFo.
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.