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Lessors Bid To Flip $69M Plane Payment Sanctions Ruling

By Ronan Barnard

Aircraft lessors urged the U.K.'s highest court Monday to overturn a ruling that they cannot receive $69.3 million for Russian planes because of sanctions, arguing that a lower court had wrongly found that UniCredit's U.K. branch had rightly withheld payments under letters of credit.


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    Lawyers In Crosshairs In New Anti-Corruption Crackdown

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    Hamlins Partner Cleared Of Journalist Blackmail Allegations

    By William Janes

    A disciplinary tribunal dismissed allegations on Monday that a Hamlins LLP partner blackmailed a journalist by i...(read more)

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  • MPs Vote To Remove Cap On Unfair Dismissal Payouts

    By Jamie Lennox

    The House of Commons voted Monday night to amend the Employment Rights Bill to remove the £118,000 ($157,200) limit on payouts that tribunals can award employees for unfair dismissal.

  • US Fund Loses $5.4M Bonus Battle With Fired London Trader

    By Jamie Lennox

    A London court ordered a U.S. investment fund to pay $5.4 million to a sacked portfolio manager on Monday, ruling that the company had no right to withhold his discretionary bonus amid criminal probes into his trading.

  • FCA Releases Landmark Reforms To Boost Retail Investment

    By Alex Davidson

    The Financial Conduct Authority published on Monday a landmark package of measures to encourage investments by consumers to help U.K. growth, giving businesses new clarity on when they are dealing with professionals.

  • Toy Maker Fights To Revive £90M Claim Against Bratz Owner

    By Eddie Beaver

    A toy maker asked a London appeals court Monday to revive its bid for compensation from MGA Entertainment Inc., the company behind Bratz dolls, for running a campaign of antitrust violations and threats of patent infringement litigation.

  • Paul Weiss Promotes 28 Partners In Latest Round

    By Ashish Sareen

    Paul Weiss has named eight lawyers from its office in London as new partners, representing more than a quarter of a larger class that made the grade in its latest round of promotions.

  • Magnum Ice Cream Valued At €7.4B In Amsterdam Launch

    By Tom Fish

    Magnum Ice Cream was valued at €7.4 billion ($8.5 billion) on Monday as it debuted on the Amsterdam Stock Exchange on its first day as a public company after separating from consumer-goods giant Unilever PLC.

  • Dropping Juries Will Upend Defense Lawyers' Strategies

    By William Janes

    The government's decision to drop jury trials for some criminal cases that involve complex financial crime could reshape the approach of lawyers to plea decisions, appeals and advocacy, as well as prompt a shift toward more open justice, experts say. 

  • Firms Must Change After Mazur Or Risk SRA Crackdown

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    The solicitors' watchdog said Friday that it will be "sympathetic" toward law firms which disclosed that they allowed unqualified employees to conduct litigation before the High Court ruled in September that this was unlawful.

  • Gap Unit Takes Slim Victory In 'Athleta' TM Appeal

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    A London appeals court on Friday broadened a Gap subsidiary's victory in its "Athleta" trademark battle, ruling that a Danish rival ripped off the brand by selling clothes bearing "Athlecia" logos.

  • Elon Musk's X Fined €120M By EU For Misleading Users

    By Sophia Dourou

    The European Commission revealed Friday that it has fined social media platform X €120 million ($140 million) for breaching European Union digital transparency rules, including by "deceiving" users through the blue checkmarks for so-called verified accounts.

  • Gov't Seeks Unlimited Unfair Dismissal Payouts, Despite Talks

    By Adele Redmond

    The U.K. unveiled plans Friday to abolish the £118,000 ($157,500) cap on compensation for successful unfair dismissal claims, disappointing those who recently persuaded the government to abandon its policy of "day one" protection.

  • Stuntmen Sue Over Use Of 'Kingsman' Clip In Elton John Tour

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    Two stunt performers have alleged that a production company handed over a clip from a British spy film featuring them that was used in Elton John's "Farewell Yellow Brick Road" stage show without their consent.

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Expert Analysis

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    How Restructuring Reforms Will Streamline Insolvency Plans
    The recently published revised practice statement on schemes of arrangement and restructuring plans promises midmarket businesses ef... (read more)
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    4chan's US Lawsuit May Affect UK Online Safety Law Reach
    4chan and Kiwi Farms’ pending case against the Office of Communications in a D.C. federal court, arguing that their constitutional r... (read more)
  • Vlad Maly
    What EU Securitization Proposals Signal For Risk Transfers
    If implemented, recent amendments to the European Union securitization framework are expected to have an unambiguously positive effe... (read more)
  • Andrew Sanderson
    Role Of UK Investment Act Is Evolving In M&A Deals
    With merger and acquisition activity likely to increase in light of the government’s new defense industrial strategy, the role of th... (read more)
  • Benjamin Geisel
    How Illumina/Grail Is Affecting EU Merger Control 1 Year On
    The landmark Illumina/Grail judgment a year ago limiting referral of below-threshold mergers to the European Commission has not left... (read more)
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