Britain's highest court revived on Wednesday Denmark's £56 million ($74 million) fraud claim against an English broker that arose from the wide-ranging cum-ex tax refund scandal, overturning a ruling that the dispute had already been resolved in earlier proceedings.
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Top UK Court Revives Denmark's £56M Cum-Ex Broker Claim

By Joanne Faulkner

Britain's highest court revived on Wednesday Denmark's £56 million ($74 million) fraud claim against an English broker that arose from the wide-ranging cum-ex tax refund scandal, overturning a ruling that the dispute had already been resolved in earlier proceedings.

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BlueCrest Loses UK Top Court Fight Over LLP Tax Rule

By Josh White

Portfolio managers at hedge fund BlueCrest Capital Management LLP should be taxed as employees rather than partners under the U.K.'s salaried member rules, the U.K.'s top court ruled Wednesday.

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Rajasthan Royals Investors Contest £1 Forced Share Sale

By Eddie Beaver

Shareholders in a sports investment firm that indirectly owns an Indian cricket club allege the business is forcing them to sell their shares for £1 ($1.32) each, saying it breached company rules by allowing its managing partner to invest in the U.S. National Cricket League.

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Generali Escapes €160M COVID Bill In Contract Tweak Fight

By Joel Poultney

A group of businesses, including hotels and spas in the U.K. and Europe, cannot rectify an insurance contract agreed to with Generali that would ultimately help them recover approximately €160 million ($182 million) in business interruption losses from the COVID-19 pandemic, a court has ruled.

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INTELLECTUAL PROPERTY

Sandoz Can't Block Rival's 'Aryuna' TM For Herbal Medicine

By Hanna Vioque

A European court ruled on Wednesday that Sandoz couldn't stop a supplements seller from registering "Aryuna" as a trademark, as shoppers wouldn't think its Armunia-branded birth control pills were somehow linked to the rival's medicinal herbs.

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Brewery Hits Back At Distillery Over 'Titanic' Branding 

By Max Austin

A British brewery has rejected claims that selling gin under its "Titanic" label encroached on a distillery's business, arguing that it had been using the branding for decades before the rival business was founded.

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Novartis Faces Generic Challenge To Heart Drug Patent

By Hanna Vioque

Generics drugmaker Stada has asked a London judge to clear the way for it to launch a generic version of Novartis' blockbuster heart failure treatment called Entresto by nixing several of the pharmaceutical giant's patents. 

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TAX

EU Court Backs Tax Break In German Fictitious Journey Case

By Eleanor Butler

Germany cannot create a fictitious step in the journey of shipped goods and therefore deny a tax exemption to a chemical distribution firm because a transport document is missing, a European Union court said Wednesday.

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LIBEL & DEFAMATION

Green Industrialist Can't Recast Tice Hamas Post As Fact

By Eddie Beaver

Green industrialist Dale Vince has lost his bid to recast Reform UK Deputy Leader Richard Tice's social media post accusing him of supporting Hamas as a factual allegation, as an appeals court on Wednesday upheld a ruling that the allegedly defamatory post was an expression of opinion.

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LAW FIRMS IN TODAY'S NEWS

11 New Square

3 Verulam Buildings

8 New Square

Bird & Bird

Birketts LLP

Blackstone Chambers

Brett Wilson LLP

Brick Court Chambers

Bristows LLP

Essex Court Chambers

One Essex Court

Pinsent Masons

Quadrant Chambers

Quinn Emanuel

Serle Court

Slaughter and May

Travers Smith

Wordley Partnership

COMPANIES IN TODAY'S NEWS

Assicurazioni Generali

BlueCrest Capital Management LLP

Brenntag AG

ED&F Man Capital Markets Ltd.

Novartis AG

Sandoz International GmbH

Twitter Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Union

European Union Intellectual Property Office

General Court of the EU

HM Revenue & Customs

UK Court of Appeal

UK First-tier Tribunal

UK High Court

UK Upper Tribunal