An advocacy group representing U.S. Orthodox Jews is urging the U.S. Supreme Court to force Germany to face claims relating to $250 million worth of medieval art that was allegedly looted by the Nazis, saying an exception under sovereign immunity law doesn't apply.
An investor has let a New York federal court know he plans to appeal to the Second Circuit an August ruling that squashed his suit against numerous major banks for allegedly plotting to fix interbank exchange rates, including one tied to the Japanese yen.
Croatia has been hit with an investment treaty claim by a Hungarian bank that alleges it is owed some $35 million after the country forced the conversion of loans issued in Swiss francs to euros, the bank said on Monday.
Facebook argued Monday that restrictions imposed by the U.K.'s antitrust enforcers while investigating its purchase of Giphy Inc. are heavy-handed and should be loosened.
An Italian pension fund and a Luxembourg investment fund have agreed that an employee of the London unit of Commerzbank wasn't liable for their losses in connection with €30 million ($35.4 million) in investment notes, resolving part of the litigation.
More than five years after ordering two former oil traders to face a massive fraud lawsuit in the English courts, a London judge again reached the same conclusion Monday after finding the men were in a position to exercise control over the business.
ATM operator Euronet agreed Monday to push back a London trial on its antitrust claims seeking hundreds of millions of dollars from Visa and Mastercard over their fee policies to 2023, after a judge said the initial timetable was too tight.
Counsel for a Greek lender told a London judge at trial on Monday that the owners of a wrecked oil tanker owe millions in unpaid loans after the lender tried to recover as much as it can from the vessel's insurers.
A London-based investment consultancy has said that a dispute brought by its Italian client over the loss of €40 million ($47 million) in badly performing investments during the coronavirus pandemic should be decided in an English court.
British financial adviser BLMS Capital has hit Kopter Group with a $2.4 million lawsuit, claiming the Swiss helicopter manufacturer reneged on a deal to pay a fee for capital-raising work that led to the young company being acquired for $185 million.
Allianz has settled a retail investor's £3.6 million ($4.7 million) lawsuit in London that sought to claw back the cost of repairs to a 16-story residential tower block.
German insurer HDI Global SE has told the Second Circuit that Phillips 66 made a misleading attempt to play victim with a sanctions motion that tries to paint a reasonable appeal as "delaying the inevitable" payment of a $44 million arbitration award.
More than a year after a new rule began requiring U.K. lawyers to publish common pricing information online, fewer consumers think hiring an attorney is out of their price range, new research shows.
Dipen Sabharwal QC, a partner in White & Case's international arbitration practice, talks to Law360 about international law, the rise and rise of investor-state arbitrations and the impact of COVID-19 on the legal industry.
Something's rotten in the state of Denmark's tax collection, and authorities blame a London banker turned Dubai-based hedge fund manager. But in an exclusive with Law360, the accused trader says he merely exploited a perfectly legal loophole in the tax system.
The U.K.'s top court ruled Friday that prosecutors do not have to prove a poultry farm acted negligently to prove criminal animal welfare charges, setting an easier burden of proof for the government to clear.
A London judge on Friday found that Apple Inc. infringed a valid and essential patent for 3G and 4G wireless devices in the first of six trials in multi-patent litigation brought by subsidiaries of patent manager PanOptis.
A London judge on Friday rejected an attempt by Russian oligarch Oleg Deripaska to prosecute his former business partner in the English courts for allegedly perverting the course of justice, finding there is no realistic prospect of challenging the decision by the U.K.'s top public prosecutor to dismiss the case.
European banks cannot force consumers to deposit their entire salary into a savings account for favorable loan terms — but they can hold part of a worker's salary for up to a decade, the European Union's top court has ruled.
A Puerto Rican bank told a London judge Friday that Petróleos De Venezuela SA cannot rely on U.S. sanctions to avoid paying £29.2 million ($37.7 million) allegedly due under two loans.
A producer of health drinks has sued the Shanghai Commercial & Savings Bank after a business development manager at the lender allegedly arranged a fraudulent £20 million ($26 million) investment that cost the company a sponsorship deal with tennis star Andy Murray.
A family trading firm has sued Credit Suisse for £12.7 million ($16.4 million) for allegedly refusing to accept additional collateral to support its leveraged debt during the market crash sparked by the pandemic, forcing it to liquidate its share portfolio at a "severely depressed price."
This week in London has seen Societe Generale become the latest big bank to face a suit from a major Dutch housing group, credit reporting giant Experian target Zurich, and the British music copyright collective face an intellectual property claim. Here, Law360 looks at those and other new claims in the U.K.
A former judicial official of the United Arab Emirates has sued Dechert LLP and its outgoing head of white collar crime in London for more than £15 million ($19.4 million) after he was allegedly tortured and abused during the law firm's fraud investigation into an emirate's sovereign wealth fund.
Italian energy giant Eni was given the green light Thursday to subpoena asset recovery and litigation finance companies that it has accused of being involved in a shady deal to fund litigation in Italy relating to an allegedly corrupt Nigerian offshore oil deal.
High Court decisions in National Bank of Kazakhstan v. Bank of New York Mellon and Riverrock Securities v. Bank of St. Petersburg serve as a useful reminder that the principle of comity may require English courts to exercise judicial restraint, even where their assistance has been sought by foreign courts, say Egishe Dzhazoyan and Kabir Bhalla at King & Spalding.
The High Court of Justice of England and Wales recently required thousands of Nigerians suing Shell in London over an oil spill to provide individual evidence of damage and individual defenses in Jalla v. Shell, illustrating how U.K. class action claimants must truly have a common interest, say attorneys at Signature Litigation.
In light of the increasing prevalence of alternative dispute resolution methods and the surge of post-pandemic litigation, parties can no longer rely on the perceived strength of their case as an excuse to avoid mediation, says Russell Strong at Zaiwalla & Co.
A Unaoil executive's recent decision to plead guilty to Foreign Corrupt Practices Act violations in the U.S. rather than facing bribery prosecution in the U.K. highlights strategic considerations for individuals facing criminal charges in multiple jurisdictions, says Joshua Ray at Rahman Ravelli.
Mark Dawkins and Jenny Arlington at Akin Gump analyze the Law Society and Tech London Advocates' recent guidance on blockchain, smart legal contracts, crypto assets and other advanced technologies, and explain why legal practitioners should familiarize themselves with it.
A rise in margin losses due to pandemic-related market turbulence could lead to disputes in the context of leveraged trading products, and retail investors involved in such disputes should pay particular attention to recent additions to the Financial Conduct Authority Handbook, says Katherine Harper at Forsters.
There are several reasons to question the wisdom of the U.K. Supreme Court's recent ruling that English judges have the power to set extraterritorial licensing royalty rates for standard-essential patents, including that it encourages forum shopping, says Thomas Cotter at the University of Minnesota Law School.
Although the U.S. contingency fee model may seem attractive, similar fee structures in the U.K. risk being deemed unenforceable based on any alleged noncompliance with the establishing statutes, as a recent High Court of Justice case shows, says Andy Ellis at Practico.
The U.K. Supreme Court's recent Sevilleja v. Marex decision benefits creditors and other stakeholders by excluding their claims from the reflective loss principle, which precludes third-party complaints that merely reflect company loss, say Robert Fidoe and Jack Moulder at Watson Farley.
With the merits test for anchor defendants in U.K. litigation involving European Union defendants back before the English courts this summer, the London High Court's recent decision in Tsareva v. Ananyev provides useful precedent for jurisdictional challenges to anchor defendants' inclusion, say Egishe Dzhazoyan and Kateryna Frolova at King & Spalding.
When compared with the U.S. Supreme Court’s Ohio v. American Express opinion, two recent U.K. Supreme Court rulings holding that credit card companies' payment schemes violated antitrust law suggest that corporations operating two-sided platforms are much more likely to win an antitrust case in the U.S., say Allison Gorsuch and Lauren Weinstein at MoloLamken.
The London Court of International Arbitration's 2020 rules governing its processes and procedures include welcome improvements in the technological space, but may merely mimic what is already happening in tribunals across the globe, says Shantanu Majumdar at Radcliffe Chambers.
The U.K. Supreme Court's recent ruling that U.K. judges have the power to set extraterritorial licensing royalty rates for standard-essential patents highlights a problem with global patent enforcement coordination and efficiency that could potentially be solved through the Patent Cooperation Treaty, says Roya Ghafele at Oxfirst.
Following the German high court's recent holding that Facebook abuses its market dominance through data collection, the Federal Trade Commission should increase the severity of sanctions for user data exploitation in anticipation of potential U.S. antitrust violations, says Garrick Josephs at Wilson Elser.
Investors in German payment processor Wirecard are suing the German Federal Financial Supervisory Authority, calling attention to whether allegations of gross failings can overcome regulator immunity, say Anna Battams and Isobel McNaught at Collyer Bristow.