The former wife of a UBS banker told the U.K. Supreme Court on Wednesday that she should get an equal split of their £112 million ($149 million) family wealth in a case that could confirm whether assets generated outside marriage can ever be shared.
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TOP NEWS

Justices To Decide Asset Split In Banker's £112M Divorce Case

By Joanne Faulkner

The former wife of a UBS banker told the U.K. Supreme Court on Wednesday that she should get an equal split of their £112 million ($149 million) family wealth in a case that could confirm whether assets generated outside marriage can ever be shared.

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Ex-Newcastle Utd. VP Can't Lift Arrest Warrant In Ashley Row

By Sophia Dourou

The former vice president of Newcastle United FC failed on Wednesday to suspend an arrest warrant issued against him for breaching a court order over a £6 million ($8 million) debt he owes Mike Ashley, the former owner of the Premier League outfit.

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Dentist Fights HMRC Over Alleged Tax Avoidance

By Lucia Osborne-Crowley

A dentist's firm urged an appeals court on Wednesday to find that it had not engaged in tax avoidance by making loan payments to its owner through a trust, saying the payments had no connection to its owner's employment and therefore were not taxable as income.

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SECURITIES & BANKING

Lebanon Bank Loses Jurisdiction Fight In $24M Transfer Case

By William Janes

A Lebanese bank on Wednesday lost its bid to block a Saudi sheikh from suing it in a London court to force it to transfer $24 million to his Swiss bank account amid an economic crisis in Lebanon.

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Lender Says Company Owner Gifted Biz To Son To Evade Debt

By Eddie Beaver

A finance provider has sued a businessman for allegedly gifting a company to his son the day after the lender had demanded payment of more than £4.7 million ($6.3 million) under a loan guarantee.

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INTELLECTUAL PROPERTY

Lufthansa Gets $5M Interest Bump Over Patent Infringement 

By Hanna Vioque

A London judge on Wednesday ordered a Panasonic unit and two aircraft hardware manufacturers to pay Lufthansa over $5 million in interest for selling in-flight charging systems that infringed its patented technology. 

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Stability AI Says Getty's Late-Stage Filings 'Intolerable'

By Alex Baldwin

The company behind generative artificial intelligence model Stable Diffusion asked a London judge Wednesday to throw out what it says is Getty Images' fresh pleadings that it infringed its intellectual property during development and training, saying the document inflicts on the defendant a copious workload as the clock ticks down to the summer trial.

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'Vagisan' Too Close To 'Vagisil' For EU Pharma TM, Court Says

By Tabitha Burbidge

A German pharmaceutical company has failed to revive its efforts to get a trademark for "Vagisan" in the European Union because of its likeness to rival feminine health product "Vagisil."

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EMPLOYMENT & BENEFITS

Morrisons Shop Staff Move Ahead With Equal Pay Claim

By Jamie Lennox

Thousands of mostly female shop workers at Morrisons have cleared an important hurdle in their equal pay claim, finalizing a vital document that compares their role with male colleagues working in the retail chain's distribution centers.

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EXPERT ANALYSIS

Why Cos. Should Investigate Unethical Supply Chain Conduct

The U.K. government’s recent updated guidance for businesses on reporting slavery and human trafficking in supply chains underscores the urgent need for companies to adopt transparent and measurable due diligence practices, reinforcing the broader need for proactive internal investigations into unethical or criminal conduct, say lawyers at Seladore and Matrix Chambers.

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LAW FIRMS IN TODAY'S NEWS

11 South Square

3 Verulam Buildings

8 New Square

Bird & Bird

Blackstone Chambers

Bryan Cave

Clifford & Harris

Dechert LLP

Deka Chambers

Fieldfisher

Hogan Lovells

Hoyng Rokh

Jones Day

Leigh Day

Littleton Chambers

Matrix Chambers

Outer Temple Chambers

Payne Hicks

Pinsent Masons

Seladore Legal

Stewarts Law LLP

Three New Square

XXIV Old Buildings

COMPANIES IN TODAY'S NEWS

Astronics Corporation

Bank Audi SAL

Combe Inc.

Deutsche Lufthansa AG

Enterprise Chambers

Getty Images Holdings Inc.

Lufthansa Technik AG

Mayo Foundation for Medical Education and Research

Organization for Economic Cooperation and Development

Panasonic Corp.

Solicitors Regulation Authority Ltd.

Tesco Corp.

UBS Group AG

Wm Morrison Supermarkets PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Companies House

European Union

European Union Intellectual Property Office

Financial Conduct Authority

General Court of the EU

HM Revenue & Customs

Interpol

National Crime Agency

Serious Fraud Office

UK High Court

UK Upper Tribunal

United Nations

World Bank Group