Lloyd's of London insurers must continue paying up to £45 million ($60 million) in additional criminal defense costs for two former Petrofac executives due to stand trial on bribery charges, as the Court of Appeal dismissed their bid to avoid the policy.
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Insurers Lose Bid To Pull Petrofac Execs' £45M Defense Cover

By Christopher Crosby

Lloyd's of London insurers must continue paying up to £45 million ($60 million) in additional criminal defense costs for two former Petrofac executives due to stand trial on bribery charges, as the Court of Appeal dismissed their bid to avoid the policy.

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Analysis

AI Data Center Boom Supercharges Construction Disputes

By William Janes

Disputes over data center projects have become more common as demand for AI infrastructure accelerates, with lawyers warning that delays, cost and defects are turning into fights "on steroids" because of the complexity and value of the projects.

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Landlord Challenges 30-Year Limit In Cladding Costs Fight

By William Janes

The landlord of a 1960s London tower block sought Thursday to overturn a ruling shielding apartment owners from cladding repair costs under legislation introduced after the Grenfell Tower fire, arguing that the protection does not extend indefinitely into the past.

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COMMERCIAL FRAUD

Curacao Bank Beats Appeal Bid Over £415M Tax Fraud Claims

By Ronan Barnard

An English appeals court denied a U.K. marketing company's liquidators permission on Thursday to challenge a ruling that a Caribbean bank and its former CEO had not dishonestly assisted a £415 million ($550 million) tax fraud.

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INTELLECTUAL PROPERTY

Snap Gets Early RAND Trial Amid Dolby's Global Patent Suits

By Eddie Beaver

Snap Inc. secured an expedited trial on Thursday over allegedly excessive patent licensing fees, while accusing Dolby and other patent owners of launching a "barrage" of infringement litigation around the world to force the Snapchat owner into accepting unfair royalty rates.

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Levi's Accuses UK Retailer Of Selling Counterfeit Jeans

By Jamie Lennox

Levi's has accused a U.K. clothing retailer of selling counterfeit versions of its jeans, asking a London court to block the alleged sales to prevent infringement of its numerous trademarks.

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PROPERTY & CONSTRUCTION

Engineer Can't Dodge Blame For £2.5M Delays, Cadogan Says

By Isabel Jackson

Cadogan Estates has said an engineering company cannot duck responsibility for delays to a London property development costing £2.5 million ($3.3 million), blaming the company's late variations to design drawings and failure to communicate effectively with contractors.

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TAX

German Tax Deferral Violates EU Rules, CJEU Adviser Says

By Kevin Pinner

Germany's provision of a capital gains tax deferral only to companies with a German permanent establishment infringes on European Union rules concerning the free movement of capital, an adviser to the Court of Justice of the EU said Thursday.

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EXPERT ANALYSIS

German Ruling Clarifies Limits Of 'Pastiche' Music Sampling

A recent decision from the German Federal Court of Justice, finding a sampled rhythm sequence to be lawful, provides the first national application of the European Court of Justice's new pastiche doctrine, but also confirms that the defense applies only to creations that satisfy specific criteria, say lawyers at Greenberg Traurig.

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LAW FIRMS IN TODAY'S NEWS

11 South Square

7 King's Bench Walk

Ashurst Perkins

Atkin Chambers

Bird & Bird

Blackstone Chambers

Brick Court Chambers

Bristows LLP

Bryan Cave Leighton Paisner

Forsters LLP

Fountain Court Chambers

Gowling WLG

Greenberg Traurig

Howard Kennedy LLP

Jones Day

Landmark Chambers

Mishcon de Reya

Monckton Chambers

No 5 Chambers

One Essex Court

Quinn Emanuel

Reynolds Porter

Three New Square

Winston Taylor

COMPANIES IN TODAY'S NEWS

Access Advance LLC

Dolby Laboratories Inc.

Jones Lang LaSalle Inc.

Levi Strauss & Co.

Lloyd's America Inc.

Petrofac Ltd.

Snap Inc.

World Economic Forum

eBay Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Court of Justice of the EU

European Commission

European Union

Serious Fraud Office

U.S. District Court for the Central District of California

UK High Court

UK Upper Tribunal

Unified Patent Court