Apple can challenge a decision allowing part of a £3 billion ($4 billion) collective action over an alleged cloud storage monopoly to proceed, after a competition tribunal found Wednesday that the technology giant has a real prospect of succeeding on appeal.
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Apple Gets 2nd Chance To Trim £3B ICloud Overcharge CPO

By Eddie Beaver

Apple can challenge a decision allowing part of a £3 billion ($4 billion) collective action over an alleged cloud storage monopoly to proceed, after a competition tribunal found Wednesday that the technology giant has a real prospect of succeeding on appeal.

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Ex-BDB Pitmans Client Loses Appeal To Dispute Fees

By Hanna Vioque

The Court of Appeal on Wednesday refused to let a former BDB Pitmans client challenge her fee agreement with the firm, ruling that the deal wasn't the kind of arrangement that would trigger statutory consumer protections. 

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KC Sues Former Football Agent Client For Breach Of Contract

By Eddie Beaver

A king's counsel has sued a former football agent in London for breach of contract five years after representing him in a shareholder dispute involving a sports media rights business.

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COMPETITION

Meta Partly Beats EU Gatekeeper Designations

By Ronan Barnard

An EU court annulled Meta's statutory designation as a "gatekeeper" for its Facebook Marketplace commerce platform on Wednesday, but upheld the designation for the Facebook owner's Messenger communication platform.

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SECURITIES & BANKING

Dexia Says Torino Can't Invalidate Swaps In €400M Dispute

By Sophia Dourou

Dexia argued Wednesday at the start of a London trial that transactions it entered into with Italy's Comune di Torino to restructure the municipality's debt are valid and enforceable, in a dispute worth €400 million ($464 million).

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INSURANCE

Shipowner Says Insurers Owe $48M For Tanker Seized By Iran

By Ronan Barnard

The owner and manager of an oil tanker seized by Iran in the Strait of Hormuz told a court Wednesday that insurers should pay about $48 million for the ship, saying they did everything possible to recover it.

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CONTRACTS

Rolls-Royce Wins Bid To Pursue Software Boss For Contempt

By William Janes

Rolls-Royce won permission on Wednesday to bring contempt proceedings against a software company boss who it alleges made false statements about his business' funding for a legal battle over a scrapped contract in which the carmaker won a €4.2 million ($4.87 million) judgment.

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EMPLOYMENT & BENEFITS

HKA Wins OK To Pursue Staff Poaching Dispute In UK

By Max Austin

A London judge ruled Wednesday that HKA Global can sue a former executive in England over claims that he poached staff to help build a rival U.S. disputes consultancy, finding that his former contract required the dispute to be heard there.

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Union Rep Loses Appeal Over Dismissal From Local Council

By Jamie Lennox

A London appeals judge has upheld a ruling that a local council did not use allegations of bullying as an excuse to get rid of a former legal services employee who was a senior trade union representative.

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EXPERT ANALYSIS

Private Lender Verification Lessons From Recent Fraud Cases

Recent fraud allegations involving private credit borrowers raise compliance red flags for lenders, who must recognize that financial and collateral verification is an essential safeguard as failures in underwriting and monitoring infect the broader market, say Michael Bresnick at Venable and Brian Mich at Control Risks Group.

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LAW FIRMS IN TODAY'S NEWS

11KBW

4 Pump Court

7 King's Bench Walk

BDB Pitmans LLP

Blackstone Chambers

BonelliErede

Brick Court Chambers

Campbell Johnston

Clarkslegal LLP

Covington & Burling

Doughty Street Chambers

Essex Court Chambers

Fieldfisher

Freshfields

Gatehouse Chambers

Hailsham Chambers

Leigh Day

Littleton Chambers

Monckton Chambers

One Essex Court

Serle Court

Stephenson Harwood

Venable LLP

Willkie Farr

COMPANIES IN TODAY'S NEWS

777 Partners LLC

Apple Inc.

Control Risks Group Holdings Ltd.

Dexia SA

Enterprise Chambers

Fidelis Inc.

HKA Global Ltd.

International Swaps & Derivatives Association Inc.

Lloyd's America Inc.

Meta Platforms Inc.

PAI Partners AB

Rolls-Royce Motor Cars

GOVERNMENT AGENCIES IN TODAY'S NEWS

Companies House

Competition Appeal Tribunal

Delaware Court of Chancery

European Commission

European Union

General Court of the EU

U.S. Department of Justice

U.S. District Court for the Southern District of New York

UK Court of Appeal

UK High Court