Pounds

Millionaire disappears as father forced to save him from bankruptcy

The father of a New York socialite has pledged his own funds to save his son from bankruptcy  after his son failed to engage with solicitors’ attempts to locate him, the High Court’s Insolvency and Companies List heard on Tuesday. Italian millionaire Raffaello Follieri, who boasts a £12m Kensington property portfolio, was the subject of […]

The Hearing: HSF will triple its New York disputes practice

Welcome to this week’s edition of The Hearing, your cheat sheet to the litigation market, bringing you the week’s top litigation stories and analysis. This is what’s driving the week. Merger fever: Merger fever has again gripped London as the market reacts to the news that Herbert Smith Freehills (HSF) is merging with US firm […]

Claim spotter: Macfarlanes instructed in showdown between Swiss and Indian banks

Macfarlanes on for Swiss bank against major Indian bank Macfarlanes is listed to represent SP Hinduja Banque Privée SA in a general commercial contracts and arrangements claim against the Bank of Baroda. SP Hinduja Banque Privée is headquartered in Geneva, where the company has established relationships around the world, focusing on wealth management, corporate finance […]

aircraft

Magic circle firm to represent liquidators of Russia’s GTLK Europe

Freshfields is representing GTLK Malta Four, a subsidiary of the ultimately Russian state owned GTLK Europe, in a claim filed in the High Court last month. GTLK Europe, which is headquartered in Ireland, was put into liquidation in May 2023 after applications from four creditors who held various contracts with the company. It is itself […]