Russian tycoon’s ‘anti-anti-suit injunction’ succeeds as Transneft to face $14bn English claim February 26, 2024 The English High Court has ordered Russian state-owned oil pipeline company Transneft to adjourn its legal proceedings in a Moscow court. The oil company is facing a $14bn lawsuit in London after Russian tycoon Ziyavudin Magomedov launched the case last year against the oil company, DP World and Russian state-owned agencies. Magomedov launched the legal [...]
Barclays embarks on biggest shake-up since financial crisis after difficult decade February 20, 2024 Barclays has sought to draw a line under a difficult decade with a marathon investor presentation laying out a three-year plan to restructure the bank.
Limiting litigation funding will prove we learned nothing from the Post Office scandal February 15, 2024 Litigation funding was crucial in helping bring justice to Post Office victims, but that system is under threat, writes Nadhim Zahawi.
Farfetch hit with winding up petition as creditors attack rescue deal struck with chief Jose Neves February 5, 2024 Farfetch has been hit with a winding up petition amid claims its founder Jose Neves destroyed the value of the embattled retailer in the lead-up to its near £400m rescue deal.
London Southend Airport owner Esken proposes settlement agreement over £194m loan February 5, 2024 The owner of London Southend Airport has proposed a settlement agreement over demands to repay a £194m loan early.
Jon Rahm and Tyrrell Hatton add European spice to 2024 LIV Golf League February 1, 2024 The Saudi-bankrolled circuit shows no signs of backing down despite a possible union with the PGA Tour.
In-house lawyers expecting a surge in legal disputes amid wage and union pressures January 24, 2024 Businesses are anticipating a rise in legal disputes, however, they need to also be prepared for the rising costs of litigation. A report by law Firm Shoosmiths stated that 82 per cent of in-house senior lawyers expect an increase in spending on dispute resolution over the next three years. Those surveyed say they will consider [...]
Lawyers: Pledge to protect litigation funding welcome – but devil’s in the detail January 19, 2024 City lawyers have welcomed plans to change the laws around litigation funding, after a Supreme Court ruling raised major concerns about whether litigation funds can continue to back certain court cases.
Government pledges law on litigation funding in light of Post Office scandal January 15, 2024 The UK Government is set to reverse a Supreme Court decision on litigation funding in order to allow sub-postmasters to take the Post Office to court.
A case for public equity: why listing in London matters January 12, 2024 London as a listing venue has considerable advantages for growth companies looking for the benefits of an IPO but it must do more to support companies grow.