Lawyers pursuing a £400 million ($542 million) million collective action against rail operator Govia Thameslink must appoint a new class representative and secure funding by July or the claim will be decertified, the Competition Appeal Tribunal said Wednesday.
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Lawyers Race To Find Class Rep To Keep Rail Fare Case Alive

By Joanne Faulkner

Lawyers pursuing a £400 million ($542 million) million collective action against rail operator Govia Thameslink must appoint a new class representative and secure funding by July or the claim will be decertified, the Competition Appeal Tribunal said Wednesday.

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Intelligence Firm Will Hand Deripaska Source Of 'Fake' Report

By Christopher Crosby

A business intelligence company agreed on Wednesday to disclose to Oleg Deripaska the source of an allegedly forged report that the Russian oligarch's former business partner used in a bitter legal dispute between the two men. 

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Orsted Loses Top UK Court Case Over Wind Farm Tax Break

By Sophia Dourou

A Danish wind farm company cannot claim tax relief on pre-development costs for building wind farms, Britain's top court held Wednesday, ruling that the costs are not sufficiently connected to the provision of plants and machinery.

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CONTRACTS

Gold Mining Boss Says £18M Share Payment Not Due

By William Janes

A director of an ailing gold mining company has denied breaching an agreement to pay more than £17.5 million ($23.7 million) for shares in another mining business, arguing that he didn't have to pay because the price had not been determined.

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INSURANCE

Plane Lessor, Reinsurer Settle $23M Claim Over Jet In Russia

By Tom Fish

An aircraft lessor and a reinsurer have reached a settlement to pause part of a multimillion-dollar dispute over a plane stranded in Russia after the invasion of Ukraine, while the wider case continues.

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INTELLECTUAL PROPERTY

Typeface Designer Appeals Unpaid Royalties Claim Loss

By Eddie Beaver

A font designer told a London appeals court Wednesday that a judge wrongly struck out her claim against a type foundry for unpaid royalties as an abuse of process, arguing she was entitled to bring the case after settling earlier copyright litigation with the company.

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Re-Uz Sues Rival Over 'Eco Cup' Marks, Client Data

By Sophia Dourou

A group of companies specializing in sustainable cups has sued a competitor, accusing it of infringing its marks in branding for its reusable cups and misusing its trade secrets to poach clients.

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TAX

Centrica Loses £5.3M Tax Dispute Over North Sea Gas Field

By Josh White

Centrica's activities in a North Sea natural gas field amount to oil extraction, and therefore the company is liable for corporate tax bills totaling £5.3 million ($7.2 million) under the rules governing energy taxation, according to a London tribunal.

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UK Tribunal Says Director Owed Tax On Written-Off Loan

By Natalie Olivo

The former director of a defunct U.K. company is on the hook for taxes and penalties after he failed to report a canceled debt to tax authorities, a U.K. court ruled Wednesday.

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ARBITRATION

Romania Hit With $5.8M For 'Intransigence' Over $331M Award

By Caroline Simson

Romania has been hit with a third sanctions by a D.C. federal judge for its "continued defiance" of discovery requests aimed at enforcing a near 13-year-old arbitral award worth more than $331 million, bringing the total amount billed by the court up to $21 million.

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EXPERT ANALYSIS

Decoding Arbitral Disputes: Tracing Paths To Award Recovery

Recent subpoenas to Adidas and Hilton deployed in Blasket Renewables v. Spain, pending in D.C. federal court, show arbitration award recovery to be a disciplined exercise in constructing visibility, applying pressure and sequencing procedural advantage, says Josep Galvez at 4-5 Gray's Inn Square.

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LAW FIRMS IN TODAY'S NEWS

11 New Square

4 5 Gray's Inn Square

4 New Square

4 Pump Court

8 New Square

Dentons

Foley Hoag

Freshfields

HSF Kramer

Hogan Lovells

Hogarth Chambers

Holman Fenwick

Kennedys Law LLP

Linklaters LLP

Maitland Walker

Monckton Chambers

Morgan Lewis

Pinsent Masons

Quadrant Chambers

Quinn Emanuel

Radcliffe Chambers

Reynolds Porter

Trowers & Hamlins

Twenty Essex

White & Case

COMPANIES IN TODAY'S NEWS

Adidas AG

Air Co.

American International Group Inc.

Deutsche Bank AG

Federation Internationale de Football Association

International Centre for Settlement of Investment Disputes

Litigation Capital Management

MasterCard Inc.

NextEra Energy Inc.

Schroders PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition Appeal Tribunal

European Commission

HM Revenue & Customs

HMRC

U.S. Court of Appeals for the District of Columbia Circuit

U.S. District Court for the District of Columbia

U.S. Supreme Court

UK Court of Appeal

UK First-tier Tribunal

UK High Court

UK Upper Tribunal