Italian government told to pay oil and gas firm Rockhopper Exploration £160m August 25, 2022 The Italian government has been ordered to pay €190m (£160m) to British oil and gas company Rockhopper Exploration over its decision to block the firm from drilling in the Adriatic Sea. An arbitration hearing ruled in favour of Rockhopper in stating Italy’s 2015 decision to block the Wiltshire fossil fuel company from drilling off its [...]
Goldman Sachs under pressure for its handling of harassment cases December 13, 2021 Goldman Sachs is reportedly under pressure over its handling of employee harassment and discrimination cases. Private institution the Nathan Cummings Foundation has filed a shareholder proposal, asking the bank to make public the arbitration process used to settle harassment claims after employees said the process silenced victims, the Financial Times reported. Following a series of [...]
International Tennis Federation facing mounting questions over Davis Cup deal after Gerard Pique’s Kosmos group brings legal action January 26, 2023 Former footballer Gerard Pique’s Kosmos investment group has heaped more pressure on the embattled International Tennis Federation by launching legal action over the early termination of their $3bn Davis Cup deal. The ITF ripped up the 25-year agreement after less than five years earlier this month in response to Kosmos asking to renegotiate the $120m-a-year [...]
Mining giant Vale accused of knowing ‘something wrong’ in Guinea iron ore deal February 18, 2022 BRAZILIAN mining giant Vale withdrew a $1.85bn High Court claim against billionaire Beny Steinmetz over an iron ore venture in Guinea just days before Steinmetz’s lawyers were due to present evidence which alleges that the Vale board knew there was “something dodgy” in a deal to procure mining licences in the country, City A.M. understands. [...]
Who owns Manchester City now? How much did Sheikh Mansour pay Thaksin Shinawatra in 2008? November 28, 2023 All you need to know about the ownership of Manchester City.
Exclusive: Ukraine urges West to slash Russian war revenues October 3, 2022 The West needs to slash Russia's revenues from soaring oil and gas prices, argued Naftogaz, Ukraine's state energy provider.
Could Thierry Henry and France force Real Madrid to release Kylian Mbappe for Olympics? March 22, 2024 Real Madrid are not keen to let their French players compete at Paris 2024.
City Moves: Who’s switching jobs in the Square Mile this week? January 7, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Burford Capital Burford Capital has hired an arbitration expert and legal finance industry veteran as a new principal in its London office. Mick Smith, who co-founded Calunis Capital in 2006, will focus on global arbitration matters. The former JP [...]
Insurance sector’s hard-nosed approach sees surge in High Court battles October 25, 2022 A hard-nosed approach towards paying out on policies, particularly in relation to Covid-19 business interruption claims, has led to a surge in lawsuits being filed against the UK’s insurers, new research shows. The number of High Court lawsuits filed against insurance companies more than tripled between 2017 and 2021, as policyholders increasingly resorted to legal [...]
Brexit: UK and EU eye Northern Ireland Protocol deal by February December 14, 2022 UK and EU officials are hoping to seal a deal on the post-Brexit Northern Ireland Protocol by February, after more than a year of wrangling. Talks over a deal have intensified over the past month, after relations have thawed between London and Brussels during Rishi Sunak’s premiership. Bloomberg reports that foreign secretary James Cleverly and [...]