The London Metal Exchange is being accused of abusing its dominance by failing to install safeguards, in a new attempt to hold the market liable for the disorder that followed a surge in nickel prices in 2022.
The London Metal Exchange is being accused of abusing its dominance by failing to install safeguards, in a new attempt to hold the market liable for the disorder that followed a surge in nickel prices in 2022.
The Law Society urged the solicitors' watchdog on Thursday to avoid unnecessary regulatory burdens as it considers rules on third-party litigation funding.
Britain's highest court ruled Thursday that the landlord of a popular restaurant business, part of a Spanish billionaire's property empire, did not have to cover the restaurant's losses from flood damage under the principle of transferred loss because the eaterie was not a direct tenant.
The Ministry of Justice has disputed claims that its new London Tribunals Centre went £164 million ($219.8 million) over budget — but it refused to disclose the project's original budget.
The Competition Appeal Tribunal on Thursday approved a plan for distributing settlements totaling £92.75 million ($123.9 million) to motorists in class action claims against vehicle shipping companies over delivery charges.
A British artificial intelligence medical imaging company has denied that it wrongfully excluded an investor's appointed observer from board meetings, attributing the decision to a potential conflict of interest.
Gabon Bank has denied liability for a €25 million ($28.6 million) claim brought by African Export-Import Bank, arguing that the payment arose from a fraudulent fuel transaction that Afreximbank knew about, or should have.
A co-founder of Revolut has denied that he owes a British yacht broker €17.5 million ($20.1 million) in commission, arguing that he arranged his purchase of the superyacht directly with the owner.
A data center company is suing the U.K. Home Office over a £140 million ($187 million) document management contract, alleging the department's last-minute change to the procurement process forced it to drop out shortly before bids were due.
Two Lloyd's of London syndicates managed by Beazley PLC have denied they owe money to a group of 11 health and beauty clinics forced to close temporarily during COVID-19 lockdowns, re-igniting the legal battle about whether business interruption policies should provide cover during the pandemic.
Hamleys has pushed back against a claim by Jellycat that it copied its smiling plush toys, arguing that other retailers sold food-inspired anthropomorphic plushies long before the toymaker launched its range.
An English judge has ruled that a law firm does not need to pay compensation for giving faulty advice to a property investment company that lost its £299,800 ($400,000) deposit on a failed development scheme.
