India failed on Thursday to block a $273 million claim brought by the Ras Al Khaimah Investment Authority, a government-backed investment vehicle in the United Arab Emirates, over a collapsed aluminium production, as a London appeals court rejected the country's challenge to an arbitration tribunal's jurisdiction.
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TOP NEWS

India Loses Bid To Block $273M UAE Investment Claim

By Robbie Kalus

India failed on Thursday to block a $273 million claim brought by the Ras Al Khaimah Investment Authority, a government-backed investment vehicle in the United Arab Emirates, over a collapsed aluminium production, as a London appeals court rejected the country's challenge to an arbitration tribunal's jurisdiction.

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Russian Grand Prix Org. Hits Back At F1's 'Vast' Fee Demand

By Eddie Beaver

A Russian motorsport promoter has alleged that Formula One made an "unconscionable" demand for "vast" fees for races that didn't take place after Russia's invasion of Ukraine.

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Landowner Sues EDF Over Hinkley Point C Land Restoration

By Isabel Jackson

A landowner has sued EDF, claiming the energy provider has failed to take steps to restore land leased for the Hinkley Point C nuclear project for use as farmland.

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ARBITRATION

Russia Must Put Up Security In $50B Yukos Award Suit

By Caroline Simson

England's Court of Appeal on Thursday ordered Russia to put up nearly £1 million in security as it appeals the enforcement of some $50 billion in arbitral awards to former shareholders of Yukos Oil Co., citing a "real risk" that the country could refuse to pay if it's unsuccessful.

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PROPERTY & CONSTRUCTION

Property Developer Drops Golf Course Lease Appeal

By Sophia Dourou

A property developer withdrew a bid to retain the lease of a luxury golf course that has fallen into disrepair days before the appeal, as appellate justices criticized Thursday his "last-minute procedural tactics."

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Developers Face £1M Claim Over High-Rise Overheating Flats

By Robbie Kalus

The owner of a housing complex is seeking more than £1 million ($1.3 million) from developers, alleging construction defects caused repeated overheating at the property.

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INSURANCE

Insurers Dodge Full Costs In Row Over Ship Stuck In Ukraine

By Joel Poultney

Three war-risk insurers must pay approximately $742,000 that owners of a ship stranded in Ukraine spent on its upkeep, the High Court has ruled — but they are not liable for $2.3 million the owners incurred when finding replacement insurance for the vessel. 

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COMMERCIAL FRAUD

Amazon Wins £1M Claim Against Refund Fraud Service

By Isabel Jackson

Amazon has succeeded in its £1.1 million ($1.5 million) claim against the operators of online refund fraud service Spectre, which the e-commerce giant had accused of "systematic refund abuse."

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LAW FIRMS IN TODAY'S NEWS

3 Verulam Buildings

4 New Square

4 Pump Court

7 King's Bench Walk

Blackstone Chambers

Clyde & Co

Dentons

Essex Court Chambers

Freshfields

HSF Kramer

Kennedys Law LLP

Mishcon de Reya

Sidley Austin

Simmons & Simmons

Stephenson Harwood

Twenty Essex

Withersworldwide

COMPANIES IN TODAY'S NEWS

Amazon.com Inc.

Berkshire Hathaway Energy GT&S

Bouygues

VTB Bank

GOVERNMENT AGENCIES IN TODAY'S NEWS

UK Court of Appeal

UK High Court