The administrators of Axiom Ince have lodged a professional negligence claim against the Solicitors Regulation Authority, two years after the failed law firm was shut down when almost £65 million ($86 million) of its clients' money went missing. 
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Axiom Ince Administrators File Negligence Claim Against SRA

By Joanne Faulkner

The administrators of Axiom Ince have lodged a professional negligence claim against the Solicitors Regulation Authority, two years after the failed law firm was shut down when almost £65 million ($86 million) of its clients' money went missing. 

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Art Collector Says £14.5M Picasso Bid Voided By Crime Links

By William Janes

An art collector's business has hit back at Christie's in a dispute over a Picasso painting owned by a drug trafficker, denying the auction house's accusation that it has unlawfully refused to fulfill its £14.5 million ($19.4 million) bid for the artwork.

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Broadfield Denies Liability For Botched £10M Property Deal

By Sophia Dourou

Broadfield Law has hit back against a £10 million ($13.4 million) negligence claim over a botched property transaction, arguing it cannot be held liable for the actions of its predecessor.

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INTELLECTUAL PROPERTY

Aga Beats TM Infringement Appeal From Oven Conversion Biz

By Jamie Lennox

A London appeals court upheld Aga's trademark infringement victory against an aftermarket modification company on Monday, ruling that its "eControl Aga" conversion kits hinted at a link with the original manufacturer.

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Entain Says Betting Website's TM Use Was Not Educational

By Jamie Lennox

Gambling giant Entain has doubled down on its trademark infringement claim against the operator of a matched betting website, arguing in a London court that the use of its logos was not simply educational.

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TAX

UK Trader Couldn't Have Known Of VAT Fraud, Court Says

By Kevin Pinner

Despite its "cavalier approach to due diligence," a scrap metal trader in the U.K. couldn't have known its suppliers were engaged in value-added tax fraud, so it isn't liable for additional tax and penalties, the First-tier Tribunal Tax Chamber said in a decision.

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EMPLOYMENT & BENEFITS

Ex-Director Claims £400K Denied After Forced Exit

By Eddie Beaver

A former director of a traffic-management business has sued the company's new owner and a fellow director, alleging he was forced out of the business and then wrongly denied £400,000 ($535,000) in share sale payments.

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ARBITRATION

Profs, Pashman Stein Partner Back Burford In 3rd Circ. Case

By Caroline Simson

Two prominent international arbitration professors and a Pashman Stein Walder Hayden PC partner are urging the Third Circuit to revisit its decision dismissing on jurisdictional grounds Burford Capital's bid to arbitrate a dispute relating to German antitrust litigation.

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EXPERT ANALYSIS

How Russia Sanctions Trajectory Is Affecting UK Legal Sector

The proliferation of U.K. and European Union sanctions targeting Russia has led to a vast increase in legislative provisions, and lawyers advising affected businesses should expect a complex and evolving legal landscape for the foreseeable future, says Rob Dalling at Jenner & Block.

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LAW FIRMS IN TODAY'S NEWS

5 Paper Buildings

8 New Square

Browne Jacobson LLP

Carson McDowell

Cleary Gottlieb

Clyde & Co

Essex Court Chambers

Fountain Court Chambers

GMP | G&C - Advogados Associados

Gordons LLP

Hailsham Chambers

Hausfeld LLP

Hogarth Chambers

Jenner & Block

Kellogg Hansen

Kennedys Law LLP

Pashman Stein

Pitmans LLP

Potter Anderson

Serle Court

Three New Square

Troutman

Venable LLP

Wedlake Bell

Wiggin LLP

Young Conaway

COMPANIES IN TODAY'S NEWS

Burford Capital LLC

Christie's International PLC

Entain PLC

Euroclear PLC

Ladbrokes PLC

Litigation Solutions LLC

OAO Lukoil

Solicitors Regulation Authority Ltd.

Sportingbet PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Union

HM Revenue & Customs

National Crime Agency

U.S. Court of Appeals for the Third Circuit

U.S. District Court for the District of Delaware

UK Court of Appeal

UK First-tier Tribunal

UK High Court