Analysis

VTB Ruling Limits Reach Of Sanctions Over Creditor Rights

By Christopher Crosby

A ruling by an English appeals court that sanctions do not wipe out the rights of creditors has drawn a boundary around the government's powers — though lawyers warn that the restrictions still leave those rights worth much less in practice.

Read full article » | Save to favorites »

Kingspan Hit With 3rd Investor Claim After Grenfell Inquiry

By Isabel Jackson

Several institutional investors including Allianz and RBC Global Asset Management have sued Kingspan in the latest of a series of financial list claims filed against the building materials giant.

Read full article » | Save to favorites »

Mex Group Ex-GC Denies Contacts With Litigants Violated Ban

By Eddie Beaver

Mex Group's former general counsel argued in court Friday that the restrictions preventing him from communicating with his ex-employer's litigation opponents did not prevent him from discussing information already in the public domain.

Read full article » | Save to favorites »

Roundup

UK Litigation Roundup: Here's What You Missed In London

By Poppy Grainger

The past week in London has seen Samsung sue Petrofac and its administrators, building materials giant Kingspan hit with two financial list claims by dozens of institutional investors, and Boehringer Ingelheim file a patent claim against fellow pharmaceutical company Sandoz amid ongoing conflict surrounding its empagliflozin type 2 diabetes drug.

Read full article » | Save to favorites »

Windhorst Says Broker Can 'Take The Keys' Over €27M Debt

By Ronan Barnard

German financier Lars Windhorst told a London court in a hearing Friday that a brokerage that his company Tennor Holding BV was ordered to pay €27 million ($30 million) could "take the keys" to Tennor's offices to enforce the debt.

Read full article » | Save to favorites »

Energy Co. Cites 'Economic Duress' For $5.5M Unpaid Fees

By Tom Fish

Egyptian petrochemicals company Carbon Holdings Ltd. has accused financial adviser Houlihan Lokey of pressuring it into signing a deal to repay millions of dollars of consultancy fees owed for debt restructuring work, as it fights the nearly $5.5 million claim in London's High Court.

Read full article » | Save to favorites »

EU Banking Watchdogs Call For Common Deposit Insurance

By Tom Fish

Europe's banking regulators on Friday called for a common framework to protect consumers' savings if their bank fails, to strengthen confidence in lenders and reduce barriers to cross-border business, stating the measure is essential to completing the bloc's banking union.

Read full article » | Save to favorites »

Fraud Task Force Urges Global Action To Disrupt Scam Hubs

By Tom Fish

Governments, financial institutions and technology companies must cooperate more closely and accelerate information sharing to disrupt criminal networks behind "industrial-scale" online scam centers, a global standards setter has warned.

Read full article » | Save to favorites »

5 Tokenized Equity Terms That Will Decide Tax Status

As the London Stock Exchange gears up to list tokenized shares of the U.K.'s largest public companies, issuers, platforms and investors must consider a handful of product terms that can result in different tax statuses for tokens that track the same company, say Zoe Wyatt and Yuri Hamano at Andersen.

Read full article » | Save to favorites »