SocGen has told the High Court that Clifford Chance LLP was negligent in its advice to the bank over a gold bullion dispute worth $483 million, saying the poor advice caused the lender's claim to be struck out as an abuse of process.
Law360 UK
Commercial Litigation
SATURDAY, APRIL 26, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

France_La_Defense_31166.jpg

SocGen Blames Clifford Chance For Failed $483M Gold Claim

By Lucia Osborne-Crowley

SocGen has told the High Court that Clifford Chance LLP was negligent in its advice to the bank over a gold bullion dispute worth $483 million, saying the poor advice caused the lender's claim to be struck out as an abuse of process.

Read full article » | Save to favorites »

Marine Co. Claims Axis Bank Misled It Into $21M Loan Scheme

By Ronan Barnard

A marine energy company has sued the Dubai branch of India's Axis Bank for $41.7 million, alleging that the lender misled it into participating in a loan to a shipping company secured against ships that were later sold without its knowledge.

Read full article » | Save to favorites »

Digital Pharma Biz Sues Lender Over CEO Loan Collusion

By Tabitha Burbidge

A digital pharmacy company has accused a small business lender of knowingly working with its former CEO to funnel huge unauthorized loans into the firm, ignoring clear signs that the executive was acting dishonestly and beyond his powers.

Read full article » | Save to favorites »

Bollywood Film Unit To Pay £84K To Ex-Exec Forced To Quit

By Tabitha Burbidge

Bollywood media conglomerate Eros International Ltd. must pay its former chief strategy officer over £84,000 ($112,000) after an employment tribunal upheld his claim for constructive dismissal.

Read full article » | Save to favorites »

COMMERCIAL FRAUD

Canfield Law Faces £4M Claim Over Alleged Property Fraud

By Joanne Faulkner

A Hong Kong businessman has accused a London law firm in a High Court claim of failing to ask questions in connection with a high-value property deal, which he says facilitated a fraud that cost him more than £4 million ($5.3 million).

Read full article » | Save to favorites »

INTELLECTUAL PROPERTY

IBM Rival Gets Sales Ban Stayed In Reverse-Engineering Fight

By Jamie Lennox

A London court said Thursday it will delay an order banning a Swiss company's sales of technology that it unlawfully reverse-engineered from IBM's software, holding fire while awaiting the outcome of a potential appeal.

Read full article » | Save to favorites »

Scaffolding Biz Denies Infringing Rival's Safety Gate Patent

By Lucia Osborne-Crowley

Brisko Scaffolding has denied claims from rival company National Tube Straightening Service that its "Stay Safe" gate infringed the rival's patent, and has also asked a London court to declare National Tube's patent invalid.

Read full article » | Save to favorites »

EMPLOYMENT & BENEFITS

Peloton Discriminated Against Autistic Worker, Judge Says

By Jamie Lennox

Peloton discriminated against a member of staff with autism by requiring him to work in public areas at its London studio, a tribunal has said as it ruled that it would have been a reasonable adjustment by the fitness business to trial a back-office job for his disability.

Read full article » | Save to favorites »

Promo that reads 2025 AI Survey Promo that reads Law360 UK Pulse UK Satisfaction Survey

LAW FIRMS IN TODAY'S NEWS

11 South Square

3 Verulam Buildings

4 5 Gray's Inn Square

4 New Square

4 Pump Court

8 New Square

Addleshaw Goddard

Ashurst LLP

Brick Court Chambers

Clifford Chance

Howard Kennedy LLP

Irwin Mitchell

One Essex Court

Quinn Emanuel

Reed Smith

Signature Litigation LLP

COMPANIES IN TODAY'S NEWS

Apple Inc.

Artech LLC

Axis Bank Ltd.

International Business Machines Corp.

Peloton Interactive Inc.

Standard Chartered PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

UK High Court