The International Finance Corp. and Ninety One have asked a London court to block a Nigerian real estate company from pursuing proceedings in the west African country that say the lenders agreed to settle a roughly $68.6 million debt for less than half that amount.
The International Finance Corp. and Ninety One have asked a London court to block a Nigerian real estate company from pursuing proceedings in the west African country that say the lenders agreed to settle a roughly $68.6 million debt for less than half that amount.
A subsidiary of collapsed private equity giant Abraaj Group lost its claim on Friday to $37 million of a disputed debt of $41.5 million after a court ruled that the unit's parent company assigned the $37 million chunk to a bank.
The finance watchdog said Friday that it has fined an oil rig consultant for breaching market abuse rules by using inside information about the discovery of oil and gas to pocket almost £130,000 ($174,000).
A London court on Friday ruled that Lars Windhorst owed a broker more than $519 million, concluding that the German financier had accepted he owed the money but had failed to pay the debt.
This past week in London saw the David Lloyd gym chain file an intellectual property claim against its founder, security company Primekings reignite a long-running dispute with the former owners of an acquired business, and a pair of Belizean developers sue a finance executive they say shut them out of a cruise port project.
The European Union has launched its long-term strategy to strengthen and streamline the bloc's insurance and retirement sectors through to 2030, amid rising geopolitical, economic, environmental and technological turbulence.
The new U.K. prospectus regime for trading on regulated markets, effective Jan. 19, aims to streamline processes and reduce costs, but a significant shift in structuring and disclosure obligations will increase pressure on practitioners to manage risk under tighter timelines, say lawyers at Baker Botts.
