A £5 billion ($6.7 billion) collective action against Sony opens on Tuesday in a trial that lawyers say will provide a crucial indication of how the Competition Appeal Tribunal will analyze claims of market abuse against Big Tech companies.
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Commercial Litigation
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Analysis

Sony's £5B Market Abuse Trial Will Test Limit Of CPO Regime

By Lucia Osborne-Crowley

A £5 billion ($6.7 billion) collective action against Sony opens on Tuesday in a trial that lawyers say will provide a crucial indication of how the Competition Appeal Tribunal will analyze claims of market abuse against Big Tech companies.

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Analysis

Odey Trial To Test FCA's Personal Conduct Clampdown

By Lucia Osborne-Crowley

Former hedge fund boss Crispin Odey will attempt to overturn his financial services ban on Tuesday, in a legal challenge that experts say will test the Financial Conduct Authority's ability to sanction executives for allegedly private conduct.

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Retailer Can't Add Broker To Rosenblatt Negligence Case

By Hanna Vioque

A fashion retail entrepreneur cannot sue an insurance broker as part of a wider negligence case against a law firm over the collapse of his fashion brands Jaeger and Aquascutum, with a London judge ruling that he must keep the total number of defendants at 19. 

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TRANSACTIONS

Software Biz Fights Travel Firm's $14.5M Share Purchase Case

By William Janes

Travel software giant Sabre International has hit back at a claim that it unlawfully refused to buy a Turkish travel-booking company's shares in a joint venture for $14.5 million in a dispute over an erroneous date in an option agreement.

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CONTRACTS

Baker Hughes' Former Russian Arm Seeks $16M From UK Unit

By Sophia Dourou

The former Russian subsidiary of Baker Hughes has sued the U.K. arm of the energy business, seeking to enforce a $16 million Moscow judgment over unpaid bills for commercial and technical services.

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Investor Goes Back For Thirds In VietJet Lease Dispute

By Ronan Barnard

A subsidiary of an international private investment company said at a London court Monday that a Vietnamese budget airline should pay it further damages resulting from failing to return leased planes on time, resulting in lost rental income.

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INSURANCE

Insurers Sued For £35M Over Failure To Cover PI Claims

By Sophia Dourou

A pensions provider has sued a group of insurers for failing to indemnify it for payouts to hundreds of investors, asking the court to restore the £35 million ($47 million) annual liability limits of its policies once the sum had been paid out in claims.

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INTELLECTUAL PROPERTY

Sign Maker Sues Rival For Exploiting Starbucks Designs

By Max Austin

A British signwriting service has accused a former project manager of copying technical drawings made for Starbucks and using them to help his new employer hijack multiple projects, costing it more than £2 million ($2.7 million).

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TAX

Hotel Fund Can't Challenge Tax Method Again, Tribunal Says

By Josh White

A property fund's appeal against the U.K. tax authority's decision to reject its claim to £5.2 million ($6.96 million) in tax relief for the cost of renovating a hotel near London Luton Airport was dismissed by a London tribunal, which said the matter was already decided.

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LAW FIRMS IN TODAY'S NEWS

4 Stone Buildings

Blackstone Chambers

DWF LLP

Enyo Law

Eversheds Sutherland

Fenchurch Law

Fountain Court Chambers

King & Spalding

Lewis Silkin

Macfarlanes LLP

One Essex Court

Orrick Herrington

Quinn Emanuel

Reynolds Porter

Shakespeare Martineau

Stephenson Harwood

COMPANIES IN TODAY'S NEWS

American International Group Inc.

Apple Inc.

Baker Hughes Co.

Liberty Mutual Insurance Group

Lloyd's America Inc.

Odey Asset Management LLP

Starbucks Corp.

Therium Capital Management Ltd.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition Appeal Tribunal

European Union

Financial Conduct Authority

Financial Ombudsman Service

HM Revenue & Customs

UK First-tier Tribunal

UK High Court

UK Upper Tribunal