Aircraft lessors face a fresh legal battle to recover losses for planes stranded in Russia in a trial beginning on Monday, when reinsurers will argue that Russian law prevents them from claiming directly under insurance arranged by the airlines.
Aircraft lessors face a fresh legal battle to recover losses for planes stranded in Russia in a trial beginning on Monday, when reinsurers will argue that Russian law prevents them from claiming directly under insurance arranged by the airlines.
More than 800 shareholders in Home REIT have sued the investor in social housing for £120 million ($158 million), seeking compensation for losses caused by allegedly "misleading statements" the company made about itself and its property portfolio.
Legal challenges to the Financial Conduct Authority's motor finance redress program will reach a crucial stage on Oct. 5, when the Upper Tribunal begins a two-day hearing on scheduling its decision and whether to allow expert witnesses.
The past week in London has seen former West Ham United co-chair David Sullivan file a defamation claim against the BBC, British rock band Oasis sue its former sound engineer to halt an auction of recordings, and Home REIT sued by its shareholders for misleading statements about the company's portfolio.
Two major canning companies have lost their appeals against €31.5 million ($35.5 million) in fines for participating in a cartel in Germany by sharing sales information and coordinating commercial strategies after an European Union court dismissed their arguments.
Digital asset infrastructure company BitGo has been sued for $141 million by two companies linked to crypto market maker DWF Labs, who allege BitGo caused a drop in token value by releasing tokens it had bought from them onto the market in breach of an agreed "lock up" period.
A Saudi airline has settled its claim for $97 million in insurance proceeds against several aircraft leasing companies following the destruction of its leased plane in Sudan, according to a newly public order by a London judge.
Two homeowners have sued Gunnercooke LLP for £170,000 ($225,195), accusing the law firm of costing them the chance to recover more for property damage by letting an agreement protecting their claim against an insurer expire.
A City law firm was wrongly held liable for assisting a £7 million ($9.3 million) fraud because a lower court treated failures to properly scrutinize its clients as evidence of dishonesty, an appeals court ruled Friday.
An Italian investment vehicle can't revive a €50 million ($56.4 million) fraud case, after an appeals court held Friday that a wealth manager was not obligated to disclose all facts material to their investments.
An appellate court ruled on Friday that English law should determine whether a previous Georgian decision finding copyright infringement can stop an online game maker from relitigating certain issues in a related U.K. dispute.
InterDigital and tech licensor Avanci have pushed back against Tesla's claim that they failed to offer fair licensing terms for 5G patents for use in its electric cars, arguing that the automaker wasn't entitled to a license covering the whole patent pool.
A real estate businessman has lost part of his defense and his entire counterclaim in a €37 million ($41.6 million) debt dispute as a court struck them out, citing his "surprisingly severe" failure to disclose any reasonable grounds for defending against the claim.
Mishcon de Reya has been sued for £1.4 million ($1.8 million) by a property investor who claims the law firm negligently failed to give valid right of refusal to tenants before he bought two London freeholds and leased the airspace above them.
Bailey Glasser International said Friday that it has hired another former senior Pogust Goodhead lawyer to lead its Latin American practice, before a two-day hearing to establish which firm will represent claimants in the £36 billion ($48 billion) Mariana dam case.
