FX Biz Beats Liability Ruling Over £35M Briefcase Cash Case

By William Janes

A Singapore-based foreign exchange company won a bid on Friday to overturn a ruling that held it liable for nearly $2 million that disappeared during a cash-transfer operation involving £35 million ($46.3 million) in banknotes moved between the two countries.

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Mex Group Faces $170M Claim Over 'Misused' Freezing Order

By Eddie Beaver

A business executive and two financial services companies said Friday that they are seeking more than $170 million from Mex Group over alleged losses stemming from a worldwide freezing order that they say the trading group weaponized after its conspiracy case against them collapsed.

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Property Biz Directors Must Yield Phones In £180M Accor Row

By Ronan Barnard

A property developer's directors will give up their phones to be examined for messages possibly relevant to the company's long-running claim worth more than £180 million ($238 million) against French hospitality giant Accor, a London judge has ordered.

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Roundup

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

By Megan Norcott

The past week in London has seen Royal Mail Pension Plan companies sue Wates Construction after investing in a Cambridge development project, law firm Ronald Fletcher Baker launch proceedings against several former partners and the rival firm they moved to, Lansdowne Law, and energy group VAROPreem bring an intellectual property claim against North Sea producer Viaro Energy and its chief executive. Here, Law360 looks at these and other new claims in the U.K...

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Pensions Admin Body Issues Guidance On Dashboards

By Joel Poultney

A pensions sector standards-setter has issued guidance it said will ensure that retirement savings plans, providers and administrators treat compliance with online dashboards as an ongoing responsibility rather than a one-off project.

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EU Adviser Backs ECB Refusal Of Latvian Bank's Info Request

By Sophia Dourou

The European Central Bank was entitled to partially refuse a request by ABLV Bank for correspondence in the lead-up to the Latvian lender being shuttered amid money laundering concerns, an adviser to the EU's top court has said.

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Cash Handler To Acquire Argentinian Rival For $19M

By Dawood Fakhir

Cash management company Loomis has agreed to acquire Argentinian rival Transportadora del Interior SA from Grupo Coinag for 27.5 billion Argentine peso ($19 million) to expand its presence in South America.

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Sheppard Hires Ex-Simmons PE Vet To Lead London Office

By Ashish Sareen

Sheppard has hired a senior private equity partner from Simmons & Simmons to add to its transactional capabilities and take up the role of office managing partner in London.

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Morgan Lewis Hires Former Goodwin London Office Co-Chair

By Ashish Sareen

Morgan Lewis has hired a former co-chair of Goodwin Procter LLP's office in London to lead its European private equity practice.

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