Insurers in London have gained greater protection against claimants that ignore U.K. arbitration clauses and sue them in foreign courts, after a landmark ruling by the U.K. Supreme Court on Wednesday.
Insurers in London have gained greater protection against claimants that ignore U.K. arbitration clauses and sue them in foreign courts, after a landmark ruling by the U.K. Supreme Court on Wednesday.
Two former executives at oil trader Arcadia secured "very substantial" compensation Thursday for a decade-long asset freeze imposed over an unfounded fraud claim, although the award will likely fall short of the more than $1.1 billion they sought.
Pogust Goodhead cannot hide behind internal client turmoil to avoid paying back an £84 million ($112 million) loan, one of the firm's biggest funders has told a London court.
A health insurance company has sued a digital healthcare subcontractor for more than £4 million ($5.3 million) alleging it breached a contract by capping access to virtual GP appointments and forcing the insurer to find alternative providers.
Two directors of an investment firm have denied running a £55 million ($75 million) invoice fraud, telling a London court that the claim against them is based on missing documents and flawed calculations.
Property company Lendlease has sued developer Berkeley Group, arguing it should be held liable for fire defect repairs costing £95 million ($127 million) to 20 buildings developed by Berkeley's subsidiary, now owned by Lendlease.
The British arm of a Chinese construction equipment giant told a London tribunal Thursday that the U.K.'s trade regulator had been irrational to include battery-electric excavators in an antidumping probe into Chinese imports of the heavy construction equipment.
Brassware maker Armac Martin has accused a rival of selling knockoffs and falsely claiming a similar British manufacturing heritage to cash in on the reputation of Armac's 97-year-old family business, arguing that shoppers would struggle to tell their branding apart.
A Frasers Group unit lost its bid to overturn assessments that it owed value-added tax of £5.6 million ($7.4 million) when a London court ruled that the company's marketing photos were linked to taxable retail sales and consumer credit.
Discount retailer Poundland indicated Thursday that it plans to appoint administrators after it said it was unable to find an acceptable buyer following years of financial troubles.
A Wyoming federal judge threatened sanctions against an exiled U.K. financial services provider who is suing a tax attorney for defamation, noting the businessman's filings indicate the use of artificial intelligence and potential perjury regarding his residency status.
The U.K. Supreme Court this week allowed a marine insurer's appeal in a long-running dispute stemming from a 2002 oil spill, restoring the fundamental symmetry that once a contractual benefit is claimed, the arbitration burden comes with it, says Josep Galvez at 4-5 Gray's Inn.
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