The administrators of Market Financial Solutions have accused the collapsed lender's owner of systematically plundering £1.3 billion ($1.8 billion) in a "widescale" fraud to fund his "lavish lifestyle."
The administrators of Market Financial Solutions have accused the collapsed lender's owner of systematically plundering £1.3 billion ($1.8 billion) in a "widescale" fraud to fund his "lavish lifestyle."
The former owners of PrivatBank urged an appeals court on Tuesday to overturn a finding that they owe the Ukrainian lender $3 billion, arguing that a later repayment to the bank "extinguished" the loss resulting from their fraudulent loan recycling scheme.
A London appeals court said Tuesday that Frasers does not need to pay damages to reflect the losses of various sublicensees of trademarks that it infringed around 10 years ago, ruling that the claim came too late.
An appellate court ruled on Tuesday that practical difficulties render a split-trial order unworkable in a £4.5 million ($6.1 million) claim brought by a former sub-postmaster against the Post Office and Fujitsu over a judgment that was allegedly fraudulently obtained.
VTB Bank has lost its bid to lift an injunction that blocks it from bringing a $156 million case against JPMorgan in Russia over frozen funds, with a London appeals court upholding a ruling that the claim was "vexatious and oppressive."
Deutsche Bank can seek to force Monaco-based billionaire Alexander Vik to answer questions about his company's assets to help claw back debt exceeding $360 million, after a London appeals court ruled Tuesday it does have the power to issue such an order.
A London appeals court has ended Acer and Asus' claims that Nokia failed to offer suitable licenses for its essential video-coding patents, ruling Tuesday that the Finnish tech firm has fulfilled its obligations by offering to arbitrate.
Two Cambridgeshire farmers and a campaign group can't challenge the U.K. government's plans to slash inheritance tax relief for farms on the grounds that there should have been a public consultation before the proposals were announced, a London court ruled Tuesday.
A criminal barrister has lost her appeal, in which she claimed that she was racially discriminated against by her chambers, as a judge ruled on Tuesday that her case had "no merit whatsoever."
The Judicial Conduct Investigations Office will reopen complaints by several women who say that they were bullied by an Employment Tribunal judge, conceding before an upcoming court hearing that it had misapplied rules on how it investigates conduct.
Whitestone Chambers was denied permission on Tuesday to challenge a decision by the Bar Standards Board which prevented the London commercial set from continuing to train pupils, with a London court ruling the chambers had not used alternative routes to resolve the dispute.
