02/04/2022
South African court could not reopen arbitrated claim once time barred
The dispute arose in connection with a company placed under business rescue proceedings
Court Cases
02/03/2022
Australian billionaire launches criminal case against Facebook
Dr Forrest said he had also written an open letter to Facebook boss Mark Zuckerberg in November 2019, urging him to take more action.
02/02/2022
UK Supreme Court building management ruling ‘common sense’ decision
Lord Briggs said it was “both absurd and unworkable” for an RTM company from one block of flats to manage the facilities it shared with other blocks.
02/01/2022
Digital Assets Not A Replacement For Payments Into Court
The catalyst for Tulip's claims came in February 2020
01/31/2022
Court of Appeal upholds Hogan Lovells victory in one of the largest ongoing disputes in the English courts
With more than USD 800 million in dispute and a long list of defendants, the case has been prominently featured as one of the The Lawyer’s Top 20 Cases.
01/30/2022
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.
01/27/2022
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.
01/26/2022
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
01/26/2022
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.
01/21/2022
'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.
01/19/2022
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.
01/19/2022
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
01/10/2022
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.
01/07/2022
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.
01/07/2022
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.
01/07/2022
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.
01/04/2022
Finra Arbitrators Toss YES Claim Against UBS
The claim, allegation, or information is factually impossible or clearly erroneous,” the arbitrators wrote in their ruling.
01/03/2022
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.
12/27/2021
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
12/27/2021
UK ‘open justice’ does not require pre-hearing document disclosure
Judge: UK ‘open justice’ does not require pre-hearing document disclosure