Credit Suisse's English broker-dealer entity has reached a settlement in a $99 million claim brought by an investment company that had alleged it breached a prime brokerage agreement by unlawfully selling off shares in a South African mobile phone company.
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TOP NEWS

Credit Suisse Settles $99M Margin Call Dispute

By Eddie Beaver

Credit Suisse's English broker-dealer entity has reached a settlement in a $99 million claim brought by an investment company that had alleged it breached a prime brokerage agreement by unlawfully selling off shares in a South African mobile phone company.

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Sheffield Hallam Uni Settles Forced Labor Libel Claim

By Ronan Barnard

A university apologized in a London court on Thursday to a major Hong Kong-based textile and clothing manufacturer for a report into apparel supply chains which linked some of the suppliers to human rights abuses against China's Uyghur minority and other groups.

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UK Extradition Should Be Barred For Contempt Risk, AG Says

By Joanne Faulkner

An adviser to the European Union's top court said Thursday that three fraud suspects arrested in Ireland should not be extradited to the U.K. if they risk being jailed for earlier contempt of court charges. 

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DATA PROTECTION

ICO Challenges Tribunal's Ruling On Dixons Data Breach

By Sophia Dourou

The U.K. Information Commissioner's Office asked an appeals court Thursday to overturn a tribunal finding that pseudonymous information stolen from electronics retailer Dixons Carphone in a privacy breach was not covered by data protection rules.

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CONTRACTS

Consultancy Blames Architect for £12M Pool Design Flaw

By Eddie Beaver

An engineering consultancy has denied owing a construction company more than £12.4 million ($16.6 million) over allegedly flawed designs for a university's sports facility and pointed the finger at the design errors of an architectural firm and a subcontractor.

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INSURANCE

Lloyd's Body Weighs Emerging 'Forever Chemicals' Litigation

By Martin Croucher

A trade body for Lloyd's of London has set up a committee to examine risks to the insurance sector from new forms of litigation, including those linked to "forever chemicals."

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COMMERCIAL FRAUD

Ex-Oil Biz Director's Claim Trimmed In €143M Case

By Ronan Barnard

A London judge has blocked two men's claims against a Singaporean oil company's directors in a €143.8 million ($166.8 million) forgery and payment diversion case, but allowed part of their case against a man they allege controlled the company to continue.

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INTELLECTUAL PROPERTY

Brake Manufacturer Denies Breaching Rival's Patents

By Hanna Vioque

A brake manufacturer has asked a London judge to nix a rival's patents and dismiss allegations that its repairs of existing brake calipers actually constituted a new product. 

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EMPLOYMENT & BENEFITS

Engineer Can't Stop Trans Women From Using Female Toilets

By Hanna Vioque

A female engineer has failed to convince an employment tribunal that defense supplier Leonardo was harassing and discriminating against women by allowing transgender individuals access to toilets based on their reassigned gender. 

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Lending Biz CEO Settles Share Transfer Row With Ex-Director

By Jamie Lennox

The chief executive of a lending company has settled his claim in a London court that a former business partner forced him to hand over shares in the company by inventing a fraud allegation.

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Legal Challenge Withdrawn After Gov't Pensions U-Turn

By Joel Poultney

Campaigners fighting for compensation over historical failings on payments of women's state pensions have scored a win after the government agreed to reconsider its decision not to create a redress program within 12 weeks.

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LAW FIRMS IN TODAY'S NEWS

11KBW

3 Verulam Buildings

4 New Square

4 Pump Court

Atkin Chambers

Burness Paull

Cahill Gordon

Clyde & Co

Devonshires Solicitors

Erskine Chambers

Fountain Court Chambers

Kennedys Law LLP

Matrix Chambers

Mayer Brown

One Essex Court

Osborne Clarke

Outer Temple Chambers

Pinsent Masons

Quinn Emanuel

Reynolds Porter

Skadden Arps

Wedlake Bell

Weightmans LLP

Wiggin LLP

gunnercooke LLP

COMPANIES IN TODAY'S NEWS

Arshiya Ltd.

Barclays PLC

Credit Suisse Group AG

Dixons Carphone PLC

Investments Ltd.

Lloyd's America Inc.

Lloyd's Market Association

M1 Ltd.

MTN Group

Mott MacDonald Group Ltd.

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Union

Financial Conduct Authority

Information Commissioner's Office

UK Court of Appeal

UK First-tier Tribunal

UK High Court

UK Upper Tribunal