Home REIT set to sue former investment manager as shareholders circle April 18, 2024 Home REIT has threatened to sue its former fund manager Alvarium today as it faces its own legal challenge from a group of shareholders who claim to have been misled.
Cum-Ex: Billion pound Danish tax authorities trial starts on Monday in London. Here is what you need to know April 13, 2024 The Cum-Ex scandal is the name given to a huge volume of transactions prior to 2012 that involved exploiting a loophole on dividend payments that enabled a number of parties to claim the same tax refund.
British tech firm Nanoco plans to buyback half of its shares following Samsung settlement March 27, 2024 British nanotechn company Nanoco has swung to a profit after shipping its first commercial orders and settling a major lawsuit with Samsung.
Clyde and Co preps arbitration claims against Switzerland for Credit Suisse bondholders March 25, 2024 Now, one year on, Clyde and Co is set to get in on the action. It has laid out plans to hold the Swiss state "accountable for breaching its international investment agreements" after it wrote the bonds down to zero.
MoJ brings forward litigation funding Bill to green light the multi-billion pound industry March 21, 2024 The UK government has introduced a litigation funding bill this week, that if passed, will reverse a ruling by the Supreme Court last year. Last July, the Supreme Court in the so-called PACCAR case handed down a decision that left the litigation funding sector in a state of confusion. The highest court in the UK [...]
Professional negligence trial against City firm Clyde & Co kicks off March 11, 2024 The trial for a businessman’s $88m lawsuit against his former legal team from Clyde and Co along with two XXIV Old Buildings barristers gets under way at the High Court. As one legal judgment noted, Riad Tawfiq Al Sadik is a “very wealthy” businessman that owns the largest construction and engineering company in the United [...]
Hundreds of ‘erroneous’ Companies House filings reveal widespread misinformation on big firms March 5, 2024 Hundreds of "erroneous" filings made at Companies House have raised fears over a sophisticated fraud targeted at banks and other financial providers.
Ministry of Justice set to introduce new law on litigation funding March 4, 2024 The Lord Chancellor and Justice Secretary Alex Chalk is set to introduce a new law to make it easier for the public to secure financial backing when launching claims against big businesses. The Ministry of Justice (MoJ) unveiled its plans on Monday that a new law will be introduced to address the issue of litigation [...]
Mishcon de Reya kicks off probe for potential group shareholder claim against Drax February 29, 2024 The firm has partners Richard Leedham, Andrew Short and associate Tiffany Morgan on the investigation.
The bad apple that cost Dechert £47m February 28, 2024 Neil Gerrard used to be a hot shot lawyer in the City. But after being hit with multiple lawsuits, he is now known for very different reasons.