A London appeals court has lifted a worldwide freezing order on a man accused of defrauding a Mexican billionaire out of more than $415 million, ruling that Salinas had obtained privileged information from his opponent's solicitor by "unlawful as well as abusive" means.
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TOP NEWS

Spy Tactic Costs Billionaire Asset Freeze In $415M Fraud Case

By Eddie Beaver

A London appeals court has lifted a worldwide freezing order on a man accused of defrauding a Mexican billionaire out of more than $415 million, ruling that Salinas had obtained privileged information from his opponent's solicitor by "unlawful as well as abusive" means.

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SRA Defends Access To Privileged Files In Carter-Ruck Suit

By Joanne Faulkner

The solicitors' watchdog told the High Court on Wednesday that it is not seeking unfettered power to override clients' legal professional privilege, but said limited access to privileged documents is essential if it is to investigate solicitors accused of professional misconduct.

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Top Court Upholds Lost-Bargain Damages In $15M Ship Sale

By Eddie Beaver

The U.K.'s top court on Wednesday upheld a $1.85 million arbitral award over the aborted $15 million sale of a vessel, ruling that buyers can recover "loss of bargain" damages where sellers negligently fail to deliver on time under a standard ship sale contract.

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Lawfront Sues Slater Heelis Partners For £4.6M Over Sale

By Jamie Lennox

Legal services group Lawfront has filed a £4.6 million ($6.2 million) claim over its acquisition of Slater Heelis, arguing that five of the law firm's partners at the time made false promises about the value of its book of work during the purchase.

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PERSONAL INJURY

Rugby Bodies Seek To Ax Brain Injury Claims Over Disclosure

By Sophia Dourou

World Rugby and the sport's governing bodies in England and Wales sought on Wednesday to throw out hundreds of brain injury claims by former players over alleged failures to disclose medical information after their law firm withdrew from the case.

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SECURITIES & BANKING

Austrian Bank Sues Italian Province In €19M Swaps Dispute

By Robbie Kalus

Austrian banking group Bawag is pursuing an Italian province for damages in England, claiming that the province breached a jurisdiction clause in an interest rate swap deal by suing the bank in Italy.

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CONTRACTS

Broker Tries To Kick South African Workers' Case Out Of UK

By Ronan Barnard

An English motor insurance broker accused 30 former South African call center workers Wednesday of "forum-shopping" by suing it in England, arguing at a London court that the claims should be sent back to South Africa. 

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INTELLECTUAL PROPERTY

Apple Says Tech Co.'s US Action Undercuts Wireless Fee Deal

By Max Austin

Apple has urged an Israeli tech company to abandon U.S. litigation over a royalties dispute for wireless charging patents, saying the case is no longer necessary because the companies agreed to negotiate new licensing terms in the U.K.

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Payments Biz Says Rival Copied Business Advice Guide

By Jamie Lennox

A payments software company has filed a copyright infringement claim over a 6,000-word guide for businesses that it had published online, telling a London court that a rival republished the text on its own websites.

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EMPLOYMENT & BENEFITS

Receptionist Wins Unpaid Tips In Early Victory Under New Law

By Jamie Lennox

A tribunal has ordered a hotel to pay its former receptionist £200 ($267) in tips that she should have received, marking one of the first payouts under new U.K. laws regulating the distribution of gratuities among staff.

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LAW FIRMS IN TODAY'S NEWS

8 New Square

BCL Solicitors

Blackstone Chambers

Brachers LLP

Brick Court Chambers

CMS Cameron McKenna

Carter-Ruck

DWF LLP

Essex Court Chambers

Fountain Court Chambers

Hogan Lovells

Jenner & Block

Kirkland & Ellis

LK Law Pty Ltd

Leigh Day

Lewis Silkin

Mayer Brown

Nabarro LLP

Old Square Chambers

One Essex Court

PCB Byrne

Pinsent Masons

Quadrant Chambers

Slater Heelis

Trethowans LLP

Twenty Essex

COMPANIES IN TODAY'S NEWS

Apple Inc.

B.C. Strategy Ltd.

British Broadcasting Corp.

Dexia SA

Fort Point Capital

Grupo Elektra

LinkedIn Corp.

Rugby Football Union

GOVERNMENT AGENCIES IN TODAY'S NEWS

UK Court of Appeal

UK High Court