A European Court of Justice advocate general said Wednesday that the court should back £44.99 million ($59 million) in U.K. government fines against GlaxoSmithKline PLC and generic-drug makers accused of cutting anti-competitive pay-for-delay deals, in an opinion that could have important implications for other pay-for-delay cases before the top court.
Britain's top court should hold Visa and Mastercard to a high standard of proof if their interchange fees are to be exempt from EU competition law under a provision designed to shield restrictive agreements that ultimately benefit consumers, three retailers said in arguments Wednesday.
A cache of emails divulged by a hacker revealed that an aviation magnate was a “serial fraudster” who dishonestly reaped millions from an Emirati state-owned investment authority, the fund’s counsel said during opening trial statements Wednesday.
A London judge pared back a £46 million ($60 million) lawsuit brought against Credit Suisse by a former director who was jailed in Romania on espionage charges, but ruled on Wednesday that the bank could still have to pay him back after his career was ruined.
The former prime minister of Kazakhstan has denied leaking confidential information about a mining giant to the Serious Fraud Office, saying the “incoherent” allegations should be severed from the latest suit connected to the Kazakh company’s complex legal battle with the agency.
Dozens of shareholders in Serco are suing the company at the High Court to seek compensation after share prices were devastated in 2013 by fraud and false accounting revelations over the electronic tagging service the security outsourcing giant operated for the government.
A judge barred a pension company on Wednesday from seeing documents linked to an investigation by the Financial Conduct Authority into its business partners, hindering its efforts to deflect blame for allegedly misleading consumers at an £86 million ($113 million) trial.
A Louisiana federal court said Tuesday that a $20 million settlement in a different case allows Goldman Sachs & Co. LLC to exit a suit alleging the Wall Street titan and other major banks rigged the price of bonds issued by government-sponsored entities such as Fannie Mae and Freddie Mac.
A panel of appellate judges expressed skepticism Tuesday at an insurer’s contention that a U.K. bedding weaver was overpaid by more than £1.4 million ($1.8 million) for losses suffered in a fire.
An official adviser to the European Union's highest court has recommended that it side with Hungary in its appeal of an EU order that the country temporarily suspend a hygiene inspection fee and tax on tobacco.
A pensions “introducer” promised consumers unrealistic, sky-high returns if they sunk their retirement savings into risky overseas investments and reaped huge commission fees as the projects failed, the financial services watchdog said at trial Tuesday.
Grant Thornton UK LLP told an appellate court on Tuesday that it should not have to pay £22.4 million ($29.2 million) in damages to a fire engine provider it audited in 2009 because the losses did not fall within the scope of the accounting company’s duty.
An appellate court in London ruled on Tuesday that Austrian lender Raiffeisen Bank cannot be given the instructions received by Ashurst LLP over the sale of shares in an international coal-mining group because the materials are privileged.
IBM willfully defaulted on a contract to build an IT system for a British insurance company and was “reckless to the consequences of that breach,” an attorney for the insurer said Monday at the start of a £130 million ($170 million) trial.
A real estate investor is suing Allianz and another insurer for £3.6 million ($4.7 million) for allegedly failing to pay for the cost of fixing defective refurbishment work carried out on the tallest residential block in an eastern English county.
A judge has named a new trustee for London Capital & Finance following his recent decision that Global Security Trustees Ltd. was too much in conflict over its links to the collapsed bond firm to maintain the confidence of bondholders.
Competition was not restricted by the way that Visa and Mastercard set interchange fees in Britain, a lawyer for one of the credit card giants told the Supreme Court on Monday in a long awaited appeal.
Rising costs of insurance for financial advisers have caused more than 30 companies to stop offering pensions transfer advice in the last three months, the Personal Finance Society warned on Monday.
Six international arbitration lawyers from Freshfields Bruckhaus Deringer LLP, White & Case LLP, Herbert Smith Freehills LLP, Blackstone Chambers and Clyde & Co. LLP are among the 114 new Queen's Counsel who will formally become silks in March.
Soft drink maker Britvic PLC cannot lower the rate it applies to inflationary increases in employee pension plans that are already being paid out, a judge in London ruled on Friday.
A Panamanian shipping company that gave up its fight to recover $22.5 million for a sunken container ship from insurers who alleged the vessel was sabotaged must pay a portion of the insurer's costs for taking the ship’s owners to court, a judge ruled Friday.
The Royal Bank of Scotland has taken aim at five insurers who wrote computer fraud policies for one of its subsidiaries, saying it is owed more than £24 million ($31.3 million) for losses caused by Bernard Madoff’s investment vehicle.
The past week in London has seen a tech company sue an online football stock exchange, a number of seafood distributors and their insurers sue cargo company Maersk, and several hotels add to Visa and MasterCard's swipe-fee class action woes. Here, Law360 looks at these claims and more.
Shipping giant MSC Mediterranean and a Kuwaiti insurer have settled a lawsuit at the High Court in London over damage to a cargo of milk powder and cigarettes, ending a battle over whether bad weather was at fault.
Allianz, AXA and food companies cast doubt on claims by Maersk Line AS that a cyberattack caused more than $1 million in cargo losses back in 2017, but said if that were true, flaws in the shipping giant’s computer security were to blame.
The U.K. Court of Appeals' decision in Lomax v. Lomax, among other recent developments, show significant judicial support for compulsory mediation of appropriate civil and commercial cases in England and Wales, say Margarita Michael and Grace Spurgeon of O'Melveny.
The recent U.K. Supreme Court decision in Shanks v. Unilver swept away a perception that some employers are simply too big to pay inventor compensation under the U.K.’s statutory compensation provisions, and may offer some hope to prospective employees, say attorneys at Haseltine Lake.
In 2020, law firms throughout the U.K. will be increasingly reshaped by rapid changes in societal expectations and advances in technology, say Helen Rowlands and Niya Phiri of Clyde & Co.
As both the U.K. and U.S. governments continue to develop regulatory frameworks for autonomous vehicles, manufacturers can take certain steps to avoid litigation and manage risk, say attorneys at FaegreBD.
The U.K. Competition and Markets Authority's recent fine against PayPal for violating U.K. merger control rules — despite the company's attempts to put safeguards in place — demonstrates how rigid the CMA can be when it comes to initial enforcement orders, say attorneys at Fried Frank.
The U.K. Supreme Court’s eventual opinion in Unwired Planet v. Huawei will decide whether English courts are a proper forum for determining global fair license terms for standard-essential patents, and there are several reasons to question the English courts' creation of this approach, says Thomas Cotter of the University of Minnesota Law School.
Efforts to give small-scale gold miners, who face displacement, pollution and violence at sites around the world, access to fair and functioning justice systems have met with apathy from politicians and fierce resistance from powerful business lobbies, but there are signs that this may be changing, says Mark Pieth, president of the Basel Institute on Governance.
Norwich Pharmacal orders, which can require third parties to reveal vital information despite duties of confidentiality, have proven to be a versatile remedy in a wide range of cases over the decades. Today, they remain relevant because websites provide platforms for anonymous wrongdoing, says Simon Bushell of Signature Litigation.
A London appeals court recently revived a £14 billion proposed class action against Mastercard for charging high credit card fees, which represents a fillip for consumers in the ultimate David vs. Goliath contest but is not a slingshot to success just yet, say attorneys at FaegreBD.
Prosecutors will be glad that an English appeals court's recent judgment in Fulton v. Regina joins other Proceeds of Crime Act decisions in confirming that a court does not need to show leniency or resolve ambiguities in favor of an offender when making a confiscation order, says Nick Barnard of Corker Binning.
The U.K. Competition and Markets Authority's proposals for reshaping competition enforcement and consumer protection would shift the historical balance in U.K. competition policy, increasing regulatory burden on companies while weakening judicial scrutiny of CMA actions, says Bill Batchelor of Skadden.
A proposed Indian law, which could have the effect of excluding non-Indians from acting as arbitrators, is threatening to undermine the country's ambition to become an important seat of international arbitration, says Sarosh Zaiwalla of Zaiwalla & Co.
English courts have been active in the past year, grappling with patent topics like plausibility and equivalents, and 2019 promises to be another exciting year as English patent lawyers await developments on obviousness, insufficiency and employee inventor compensation, says Jin Ooi of Kirkland & Ellis LLP.
Recent developments in the United Kingdom emphasize the importance of companies implementing cybersecurity measures proactively both to prevent incidents and to argue in mitigation when, not if, the company does suffer a data breach, say Guillermo Christensen of Ice Miller LLP and Anupreet Amole of Brown Rudnick LLP.
The House of Lords' landmark decision in Three Rivers v. Bank of England significantly undermined confidentiality of communications between lawyers and clients. The U.K. Supreme Court should review this case as soon as possible, says Quentin Bargate of Bargate Murray Ltd.