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Tenke and the English High Court’s return to third party funding costs

Norscot had obtained third party funding (“TPF”) and, in light of its success, owed the funder a success fee of three times the funding provided.

Cayman court clarifies principles applicable to stay of execution pending appeal

In this case, the defendant argued that there was a risk of dissipation of the funds by the plaintiff if it was paid before the appeal was heard and that they would be unable to recover this if the appeal was successful.

Former UBS investment adviser charged with stealing $5.8m from client

The SEC’s complaint, filed in the U.S. District Court for the Southern District of Florida, charges Nino with violations of the antifraud provisions of the federal securities laws

ClientEarth sues UK government over net zero strategy

Despite the targets, the government’s own baseline projections suggest the UK’s emissions in 2037 will be more than double the legally-required levels in the Climate Change Act.

'Malicious': War of Words Breaks Out Between Big Law and Offshore Firms In $100M Kuwait-Cayman Case

The saga involves a handful of law firms, a Cayman Islands-based fund, the Kuwaiti government, questions of political intrigue, and many millions of dollars.

Tongaat to pursue Deloitte after massive financial scandal

At a general meeting on Tuesday, Tongaat Hulett chair Louis van Zeuner said that the company was also planning action against Deloitte.

Ex-Raiffeisen Boss Heads Into Criminal Trial

The criminal trial of Pierin Vincenz is set to open next week, offering a revealing glimpse into a 16-year CEO tenure at Raiffeisen and illustrating how the long-standing CEO was able to shift influence from cooperative member banks as well as his own boa

Delaware Chancery Court Allows SPAC Merger Challenge to Proceed

The Court analogized the alleged interference with the SPAC shareholders’ redemption rights to the shareholders’ right to vote.

Swiss Prosecutor Objects to Returning Uzbeki Millions

More than 800 million Swiss francs ($873 million) in the case have been blocked since 2012, mainly at Geneva’s Lombard Odier.

Credit Suisse Wins U.S. Court Order For Softbank Documents

It is specifically seeking communications and information from board meetings at Katerra – a U.S.-based construction firm that included Softbank’s Vision Fund as a major investor.

Clyde & Co defeats billion dollar ICSID claim for the Republic of Cameroon

The Republic of Cameroon also argued that this case constituted a clear abuse of right of ICSID proceedings and also contested the authenticity of a number of documents that Claimant produced during the proceedings.

Finra Arbitrators Toss YES Claim Against UBS

The claim, allegation, or information is factually impossible or clearly erroneous,” the arbitrators wrote in their ruling.

U.S. appeals court revives Libor-rigging claims against banks

The appeals court adopted that theory after U.S. District Judge Naomi Reice Buchwald in Manhattan had dismissed investor claims in 23 separate cases from the decade-old litigation.

Force majeure judgment a reminder to ‘conduct thorough risk assessments’

It comes after the Court of Appeal upheld a High Court decision to back Nord Naphtha Ltd against New Stream Trading AG in a dispute over the supply of ultra-low sulphur diesel, despite a “clumsily drafted” force majeure clause in the parties&a

UK ‘open justice’ does not require pre-hearing document disclosure

Judge: UK ‘open justice’ does not require pre-hearing document disclosure

Grand Court of the Cayman Islands: Interest and costs in section 238 proceedings revisited

Following a trial at which the Dissenters had sought a 1,565% uplift on the merger price, but were awarded an increase of only 1.29%, the Court was required to determine the interest payable to the Dissenters and whether any party was entitled to payment

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