Legal challenges to the Financial Conduct Authority's motor finance redress scheme fired off this week to the Upper Tribunal will lead to long delays, with some legal experts already doubting whether the cases can be argued successfully.
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Commercial Litigation
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Analysis

FCA's Contested Car Finance Redress Hits Roadblocks

By Alex Davidson

Legal challenges to the Financial Conduct Authority's motor finance redress scheme fired off this week to the Upper Tribunal will lead to long delays, with some legal experts already doubting whether the cases can be argued successfully.

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Strait Of Hormuz Closure Hits UK With Energy Benchmark Fight

By Joanne Faulkner

Mercuria is suing the Baltic Exchange in London over losses it said are linked to an allegedly distorted key shipping benchmark that failed to reflect the effective closure of the Strait of Hormuz, marking the first major litigation in the U.K. to arise from the U.S.-Israeli war with Iran.

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Analysis

Dentons Ruling Recasts Test For Lawyers' AML Misconduct

By Christopher Crosby

The Court of Appeal's recent decision that the Solicitors Regulation Authority must prove that Dentons' breach of money laundering legislation was "sufficiently serious" could complicate the watchdog's job of enforcing its rules, experts say.

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Roundup

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

By Laura Stewart Liberty

The past week in London has seen a Swiss energy trader bring a Financial List claim against shipping benchmarking company Baltic Exchange, law firm Slater and Gordon sued by a former client, Slack and Salesforce hit Microsoft with an antitrust claim, and Stephen Fry bring a personal injury claim after he broke bones falling off a stage. Here, Law360 looks at these and other new claims in the U.K.

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SECURITIES & BANKING

FCA Vows Robust Defense Of Car Finance Redress In Court

By Alex Davidson

The Financial Conduct Authority said on Friday that it will mount a robust defense of its £7.5 billion ($10.2 billion) motor finance redress scheme against four legal challenges so far from lenders and a consumer group.

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INSURANCE

Brief

Carlyle Settles $40M Russia Jets Claim Against AXA, Convex

By Ronan Barnard

An aircraft leasing company has settled its $40.5 million claim against insurer AXA for aircraft currently stranded in Russia since the beginning of the war in Ukraine.

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COMMERCIAL FRAUD

Johnson Matthey Beats Fraud Claim Over £325M Pharma Deal

By Eddie Beaver

Johnson Matthey defeated on Friday a claim that it acted fraudulently in the £325 million ($444 million) sale of one of its pharmaceutical businesses, despite a finding by a London court that the chemicals business had failed to disclose to the buyer significant details about the transaction.

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INTELLECTUAL PROPERTY

Samsung Must Pay ZTE $392M For Phone Patent Licensing

By Hanna Vioque

A London judge ordered the South Korean tech giant Samsung to pay $392 million on Friday to use ZTE's portfolio of standard essential patents for mobile phones, a big cut from the $731 million sought by the Chinese rival in a long-running dispute over fair license terms. 

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Premier League Pro Can Use CCTV To Fight Dog Attack Claim

By Jamie Lennox

A London court ruled Friday that Premier League player Reiss Nelson can use secret surveillance footage to defend against a sports therapist's £650,000 ($887,000) claim over an alleged dog bite at the footballer's house in 2020.

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EMPLOYMENT & BENEFITS

Tesco Exec Denies Warehouse Jobs Viewed As 'Men's Work'

By William Janes

A Tesco executive has denied that the supermarket chain viewed warehouse jobs as "men's work" as she gave evidence on the first day of a trial of equal pay claims brought by thousands of mainly female shop workers on Friday.

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Medical Cannabis User Revives Bias Claim Over Job Ban

By Jamie Lennox

A London appeals tribunal restored a medical cannabis user's claim on Friday that Network Rail discriminated against him based on his disability by banning him from safety-critical rail work for five years after he failed a drug test.

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GB News Pundit Claims Race Bias In Bar Council's Internship

By Max Austin

A GB News commentator has said she plans to sue the Bar Council and a charity which works with under-represented groups, alleging that a legal internship program unlawfully excluded her because she is white.

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LEGAL ETHICS & MALPRACTICE

Lender Wins Payout From Law Firm Over Botched Pub Loan

By Max Austin

A lender has won a £578,000 ($787,000) claim against its former solicitors after a London court found that the law firm failed to properly check and explain risks tied to a loan secured against two London pubs. 

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LAW FIRMS IN TODAY'S NEWS

11 South Square

11KBW

7 King's Bench Walk

8 New Square

Addleshaw Goddard

Anthony Gold Solicitors

Ashfords LLP

Barings Law

Blackstone Chambers

Brick Court Chambers

Browne Jacobson LLP

Cloisters

DAC Beachcroft

DWF LLP

Deka Chambers

Dentons

Eversheds Sutherland

Fieldfisher

Fladgate LLP

Freshfields

HSF Kramer

Harcus Parker

Henderson Chambers

Hickman & Rose

Kirkland & Ellis

Leigh Day

Lewis Silkin

Linklaters LLP

Littleton Chambers

Macfarlanes LLP

Mathys & Squire

Matrix Chambers

Monckton Chambers

Morgan Lewis

One Essex Court

Outer Temple Chambers

Pinsent Masons

Powell Gilbert

Quadrant Chambers

Quinn Emanuel

Reed Smith

Slater and Gordon

Slaughter and May

Stephens Scown

Wedlake Bell

Wilsons Solicitors

COMPANIES IN TODAY'S NEWS

AXA SA

AXA XL Ltd.

Altaris Capital Partners LLC

Alvogen Group Inc.

American Bar Association

American International Group Inc.

Apple Inc.

Bank of Scotland PLC

Barclays PLC

British Broadcasting Corp.

Convex Insurance UK Ltd.

GoFundMe Inc.

HSBC Holdings PLC

InterDigital Inc.

JPMorgan Chase & Co.

Johnson Matthey PLC

LinkedIn Corp.

Mediterranean Shipping Co. SA

Mercedes-Benz USA LLC

Mercuria Energy Group Ltd.

Microsoft Corp.

National Westminster Bank PLC

Network Rail Ltd.

Nokia Corp.

Paypal Holdings Inc.

STADA Arzneimittel AG

Salesforce.com Inc.

Samsung Electronics Co. Ltd.

Singapore Exchange Ltd.

Slack Technologies Inc.

Solicitors Disciplinary Tribunal

Solicitors Regulation Authority Ltd.

TUI AG

Takeda Pharmaceutical Co. Ltd.

Telefonaktiebolaget LM Ericsson

Tesco Corp.

Tesco PLC

Veranova LP

Volkswagen AG

ZTE Corp.

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Union

Financial Conduct Authority

UK High Court

UK Upper Tribunal