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ENRC Seeks $290M As Final SFO Damages Trial Opens

By Christopher Crosby

The 13-year legal battle between the Serious Fraud Office and Eurasian Natural Resources Corp. could be headed for its final chapter on Monday as the mining company demands compensation for a botched criminal investigation.


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Top Stories
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    More remote hearings are a "needs must" to cope with a surge in claims from workers and difficulties in recruiting judges to work in London, the president of the Employment Tribunals has said.

  • Ineos Sues Ben Ainslie's America's Cup Team For £180M Boat

    By Sophia Dourou

    The racing team owned by Ineos, billionaire Jim Ratcliffe's chemical company, has sued British competitive sailor Ben Ainslie's America's Cup team, seeking the return of a £180 million ($244 million) vessel previously used in the sailing competition.

  • Ex-Goldman Banker Must Pay Back £400K Legal Aid Funding

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    A former Goldman Sachs banker must repay almost £400,000 ($534,000) in legal aid funding after being sentenced for contempt of court, an appeals court ruled on Friday as it rejected his case that the recovery regime caused inconsistent results.

  • Uber To Buy Delivery Hero Stake From Prosus For €270M

    By Dawood Fakhir

    Prosus said Friday that it has agreed to sell a stake in Delivery Hero to Uber for approximately €270 million ($319 million) to satisfy a regulatory condition to complete its €4.1 billion acquisition of Just Eat Takeaway.com.

  • French Telecoms Giants In Talks To Buy SFR For €20.4B

    By Najiyya Budaly

    French telecoms groups Bouygues Telecom, Orange and Iliad said Friday that they have entered into exclusive talks to buy SFR from Altice Group for €20.35 billion ($24 billion) in a move that would help to consolidate the sector in Europe.

  • £382M Fish Cartel Class Action Refused Over Class Rep Fees

    By William Janes

    A U.K. tribunal has refused permission for a £382 million ($517 million) class action alleging that fish producers artificially inflated salmon prices, concluding the class representative's £300 hourly fee suggested "a motivation beyond pursuing the interests of the class."

  • Ex-Leigh Day Pro Struck Off For Faking Letter To Hide Error

    By Sophia Dourou

    A former Leigh Day lawyer who tried to cover up missing a disclosure deadline by claiming he had written and sent a disclosure letter when he had not was struck off by the profession's disciplinary tribunal Thursday.

  • 9 Universities To Sue Gov't Over Student Loan Clawback

    By Eddie Beaver

    Nine universities revealed Thursday that they plan to bring legal action challenging the Department for Education and the Student Loans Company over the withdrawal of maintenance funding that affects approximately 22,000 students enrolled in weekend courses.

  • Nord Stream Insurers Say War Exclusions Bar €580M Claim

    By Joanne Faulkner

    Insurers of gas pipelines hit by explosions in 2022 said at the start of their trial on Thursday that exclusions in their policies prevent damages payouts of up to €580 million ($682 million) because the blasts were linked to the Russia-Ukraine war.

  • FCA Unveils New Short Selling Rules To Cut Red Tape

    By Alex Davidson

    The Financial Conduct Authority set out on Thursday its new U.K. short selling regime, which will greatly reduce reporting requirements and clarify when the regulator can use its emergency powers to stop short selling.

  • UK Ship Financier Charged With Russia Sanctions Offenses

    By Ronan Barnard

    A British accountant has been charged with breaching sanctions imposed on him linked to his alleged involvement in Russia's "shadow fleet," the U.K.'s National Crime Agency has said.

  • Heineken's 'Leonhart' TM Victory Upended At EU Court

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    A European Union court has overturned a successful challenge by Heineken against a Polish coffee company's "Leonhart" trademark application, ruling that shoppers would not confuse the mark with the brewery's earlier "El Leon" sign.

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From The Courtroom

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Expert Analysis

  • Martin Dowdall
    FCA's £44M Nationwide Fine Highlights AML Control Gaps
    The Financial Conduct Authority’s recent £44 million fine of Nationwide Building Society for anti-money laundering control failures ... (read more)
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  • Gregg Beechey
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  • Sebastian Barling
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  • Kate McKenna
    Irish Consumer Law Proposals Expose Concerns Over Privacy
    The Irish government’s recent proposals to amend and clarify competition and consumer law would allow new investigative powers and g... (read more)
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