01/18/2023
In the early summer of 2022, the Higher Regional Court of Hamm, which is dealing with the case, visited Huarez to inspect the situation on site and have it assessed by court experts.
12/13/2022
Absent the availability of prohibited transaction relief such as the QPAM Exemption, many transactions effected by investment managers on behalf of plans (and “plan assets” entities) could be prohibited under ERISA.
12/05/2022
In a 3:2 majority, the Supreme Court held that the remedy should not be out of all proportion to the detriment suffered without good reason and alternative remedies could also be available. English cases are persuasive in the offshore jurisdictions.
11/25/2022
The Court confirmed that if an expert strays materially from their duties of independence, impartiality and objectivity, their evidence may be excluded altogether.
11/22/2022
The judgment followed General Tamara Ćapeta’s opinion of April 7, 2022, that the first-instance judgment against Volotea and other plaintiffs contained errors of law.