Private equity firm Freshstream "saved up" misconduct allegations against Big Motoring World founder Peter Waddell as part of a "pre-conceived and orchestrated plan" to remove him and take control of his multimillion-pound business, a London court ruled Friday.
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Motor Boss Wins Claim PE Biz Ousted Him From £200M Biz

By Joanne Faulkner

Private equity firm Freshstream "saved up" misconduct allegations against Big Motoring World founder Peter Waddell as part of a "pre-conceived and orchestrated plan" to remove him and take control of his multimillion-pound business, a London court ruled Friday.

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BlackBerry Can Pursue $6M Fee Claim Despite 4-Year Delay

By Eddie Beaver

BlackBerry Ltd. can pursue its $6 million claim against a telecoms company over allegedly unpaid licensing fees after an appeals court ruled Friday that the case should not be struck out, despite the software company leaving it dormant for almost four years.

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Gupta Loses Bid To Toss $7M Fraud Claim Out Of UK

By Ronan Barnard

A U.K. commodities trader kept its nearly $7 million fraud claim against Indian metals tycoon Prateek Gupta in English courts Friday, after a London appellate court dismissed his arguments the dispute should take place in another jurisdiction.

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UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen George Michael's estate bring an intellectual property claim against the late star's friend over footage shared online, collapsed law firm Axiom Ince sue the U.K. branch of State Bank of India and Ryanair face a group claim from 262 people. Here, Law360 looks at these and other new claims in the U.K.

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SECURITIES & BANKING

Gold Trading App Can Sue Over Alleged Takeover Plot

By Robbie Kalus

A gold trading app won permission Friday to seek damages from its former administrators at trial, as a London appeals court said it was arguable the administrators were appointed as part of an alleged hostile takeover disguised as debt enforcement.

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CONTRACTS

50 Cent Ticket Agent Says Weak Demand Sank London Show

By Robbie Kalus

A ticketing provider is pursuing a 50 Cent tour promoter for £1.2 million ($1.6 million) in minimum sales fees, telling a court that the rapper could not attract punters because he was a "legacy artist" who hadn't released a major studio album in 10 years.

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COMMERCIAL FRAUD

Court Cuts Damages Bill For Fraudulent Insurance Brokers

By Martin Croucher

Two former insurance bosses who misappropriated client funds in the run-up to a company sale saw the fraud damages awarded against them reduced by the Court of Appeal on Friday. 

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INTELLECTUAL PROPERTY

Advanz Limits Takeda Patent Team's Access To Biosimilar Info

By Jamie Lennox

A London judge restricted the activities of two in-house lawyers at Takeda on Friday to ensure they don't use Advanz's confidential information for purposes that fall outside their ongoing bowel disease drug patent clash.

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Perfume Biz Denies Copying Fungi Company Tray Design 

By Max Austin

The owner of organic perfume brand Ffern has denied stealing the design for its biodegradable fragrance trays from a fungi-based packaging company, arguing that the design rights were invalid to begin with.

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TAX

Co. Found Liable For UK Inheritance Tax On Offshore Trust

By Josh White

A company can be held liable by the U.K. tax authority for inheritance tax on assets held in an offshore trust, a London tribunal ruled Friday, saying a secondary liability rule applies to businesses, not just individuals.

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UK Estate Loses Inheritance Tax Break For London Offices

By Kevin Pinner

The executors of a deceased man's estate are not eligible for a 100% inheritance tax break on his London-based serviced offices because they were an investment rather than a trade, the Upper Tribunal said in a judgment.

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Corporate Settlors Can Owe Inheritance Tax, UK Tribunal Says

By Kevin Pinner

The U.K.'s inheritance tax can apply to a corporate settlor of a trust when the trustees aren't domestic residents, the Upper Tribunal said Friday in a decision involving a company challenging its liability for the tax in relation to a Jersey trust.

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EMPLOYMENT & BENEFITS

Jaguar Land Rover Stops Bias Appeal Over Counseling Denial

By Jamie Lennox

A London appeals tribunal has refused to rekindle a Jaguar Land Rover employee's claim that the carmaker discriminated against him by refusing to provide counseling sessions.

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Sexual Harassment Appeal Nixed By Worker's 'Drunk Consent'

By Jamie Lennox

An appellate judge in London has refused to revive a worker's claim that a colleague sexually harassed her following a company Christmas party, upholding an earlier tribunal's finding she had consented to the encounter despite being drunk.

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EXPERT ANALYSIS

BlueCrest Decision Tightens Test For LLP Tax Treatment

The U.K. Supreme Court’s recent judgment in HMRC v. BlueCrest Capital Management clarifies the tax framework for assessing whether limited liability partnership members are genuinely operating as partners or should be treated as employees, which is likely to be significant far beyond the hedge fund sector, say lawyers at Stewarts Law.

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LAW FIRMS IN TODAY'S NEWS

11 South Square

3 Verulam Buildings

4 New Square

7 King's Bench Walk

8 New Square

A&O Shearman

Addleshaw Goddard

Bird & Bird

Blackstone Chambers

Bray & Krais

Brick Court Chambers

Bristows LLP

Burges Salmon

CMS Cameron McKenna

Clarkslegal LLP

Cloisters

Clyde & Co

DWF LLP

Dentons

Devonshires Solicitors

Erskine Chambers

Eversheds Sutherland

Foot Anstey

Freeths LLP

Hill Dickinson

Holman Fenwick

JMW Solicitors LLP

Kennedys Law LLP

Kuit Steinart

Macfarlanes LLP

Matrix Chambers

Mills & Reeve

Morrison & Foerster

Nabarro LLP

No 5 Chambers

Outer Temple Chambers

Pinsent Masons

Powell Gilbert

Quinn Emanuel

Rahman Ravelli

Reynolds Porter

Serle Court

Shakespeare Martineau

Simmons & Simmons

Simons Muirhead Burton

Spector Constant & Williams

Squire Patton

Stephenson Harwood

Stewarts Law LLP

Teacher Stern

Three New Square

Trowers & Hamlins

Wikborg Rein

Willkie Farr

Winston Taylor

COMPANIES IN TODAY'S NEWS

AXA SA

Accelerant

Affinity

Alexander Dennis Ltd.

Amazon.com Inc.

BlackBerry Ltd.

BlueCrest Capital Management LLP

Citation Ltd.

Diligent Corp.

Electronic Arts Inc.

Fresenius Kabi AG

HSBC Holdings PLC

Investments Ltd.

Jaguar Land Rover Ltd.

LinkedIn Corp.

Live Nation Entertainment Inc.

National Westminster Bank PLC

Reliance Industries

Ryanair Holdings PLC

Samsung Electronics Co. Ltd.

Solicitors Regulation Authority Ltd.

State Bank of India

Takeda Pharmaceutical Co. Ltd.

Trafigura Group Pte. Ltd.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Companies House

HM Revenue & Customs

National Health Service

Serious Fraud Office

UK Court of Appeal

UK First-tier Tribunal

UK High Court

UK Intellectual Property Office (IPO)

UK Upper Tribunal