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 […]

Virgin Atlantic

Claim Spotter: White & Case and HSF prepare airline disputes

White & Case on call for administrators of Air Berlin White & Case is on call for the administrators of Air Berlin in a general commercial contracts and arrangements claim against Big Four accountancy giant KPMG. Air Berlin was a major German airline before it filed for insolvency in August 2017 after its largest shareholder, […]

Motorola

In court this week: Motorola and Russian oil-subsidiary Litasco

Hogan Lovells client in court for ‘hotly disputed’ oil shipment case Palmali Shipping returns to the High Court on Tuesday for two days. The court will consider a further security application made by defendant Litasco, a subsidiary of Russian oil company Lukoil. Brick Court’s Tim Lord KC and Craig Morrison KC are expected to ask […]

Lloyds Bank

Claim Spotter: Lloyds Bank hit with new claim in Arena TV scandal

Double trouble as Lloyds Bank hit with two claims Sentinel Broadcast (in administration) lodged a Part 7 – commercial fraud claim against Lloyds Bank last Tuesday (22 October), the latest concerning the fallen broadcasting equipment company. The claim sees Sentinel Broadcast’s administrators Quantuma enlist the services of boutique practice Isadore Goldman to fight the claim […]

In court this week: Panasonic, Spain and Meta

Panasonic v Xiaomi  Panasonic, represented by Brick Court’s Sarah Abram KC, is set for a FRAND trial against Xiaomi and others on Monday 28 October for 15 days. The trial is part of an ongoing international dispute about alleged patent infringement between the electronics companies. The original dispute, launched by Panasonic in July 2023, concerns […]

Solicitors Regulation Authority

The Hearing: SRA finally hints at plan to tackle Post Office and Axiom Ince scandals

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. Breadcrumbs: We may have received a clue as to the Solicitor Regulation Authority’s (SRA) next steps in the Post Office Horizon and Axiom Ince scandals. The organisation has been under intense […]

TP ICAP

Latham and A&O Shearman settle TP ICAP dispute

Latham & Watkins and A&O Shearman have avoided a lengthy trial by settling a dispute between Nex and financial services firm TP ICAP, The Lawyer understands. This means the parties have avoided a five-week trial, which was set to start on 9 October in the Commercial Court. The trial was set to consider claims relating […]

Claim spotter: Freshfields called in for Russian shipping row

Freshfields called in for Russian shipping row GTLK Malta Four has lodged a part 7 general commercial contracts and arrangements claim against four defendants, enlisting Freshfields Bruckhaus Deringer as counsel. The Russian-owned aircraft and marine leasing company has lodged the claim against Pola Maritime, Capstans Holding, Valbridge and Voje Holding. Pola Maritime, a shipping company […]

Mastercard and Visa

In court this week: Jones Day and Linklaters defend payments duo

Another round of Trucks begins The “Trucks” case returns to the Competition Appeal Tribunal (CAT) today (21 October) for one day. The tribunal is set to hear the claimants’ representatives argue for amendments to the timetable, as well as discussions surrounding case management directions to trial, any outstanding disclosure applications and the scope of the […]

Argentina

Boutiques lead in investors’ $16bn fight with Argentina

A group of investors, who previously held shares in Argentine oil giant YPF, have filed a claim against the South American nation to get hold of the $16bn they won in compensation last year. The case, heard in the Southern District of New York Court over a year ago, revolves around the privatisation of YPF […]