Court of Appeal upholds £675m claims for foreign exchange losses

Sign in or register to continue reading.

Gain access to the latest news from The Lawyer.com, our jobs board, career insight and much more.

Register now to The Lawyer to access our latest news stories, read selected briefings from key firms and gain essential careers insight to help you make the most of your current and future roles.

Contact Us: if you have any questions regarding your subscription, call us on +44 (0)20 7292 3716 or email us at customerservices@thelawyer.com

View our subscription options

Having problems?

Contact us on +44 (0)20 7292 3716 | email: customerservices@thelawyer.com

If you are looking for our Jobs site, please click here 

Related briefings

Bilta (UK) Limited (In Liquidation) v (1) NatWest Markets PLC and (2) Mercuria Energy Europe Trading Limited [2020] EWHC 546 (Ch)

Mr Justice Snowden has handed down a lengthy judgment allowing a claim for dishonest assistance and for knowing participation in fraudulent trading (s 213 Insolvency Act 1986) in relation to a large-scale missing trader VAT fraud in the carbon credit market. The claim was brought by various companies in liquidation and their liquidators against NatWest […]

Lawyer looking into law changes

Privy Council tests meaning and effect of s112(2) of Companies Law Cayman Islands

Section 112(2) was introduced into the Companies Law of the Cayman Islands in 2009. In Pearson (in his capacity as Additional Liquidator of Herald Fund SPC) v Primeo Fund [2020] UKPC 3, the JCPC considered, for the first time, an important point of statutory construction surrounding the meaning and effect of this provision. Section 112(2) […]

First-tier Tribunal upholds group relief claims

LINPAC Group Holdings Ltd v HMRC [2020] UKFTT 60 (TC) LINPAC Group Holdings (“Holdings”), a global plastics supplier, has successfully overturned HMRC’s rejection of c£40 million of group relief claims (>£10m tax at stake) before the First-tier Tribunal (Tax Chamber) (“FTT”). Holdings made domestic claims for group relief in respect of losses of group companies […]

Commercial Court discharges interim order for specific performance of oil contract and determines the application of section 44 of the Arbitration Act 1996

VTB Commodities Trading v Antipinsky Refinery [2020] EWHC 72 (Comm) On 31 January 2020, Lord Justice Phillips handed down judgment, discharging an interim mandatory order requiring the Defendant, Antipinsky Refinery, to supply substantial quantities of oil (worth several hundred million euros) to the Claimant, VTB. VTB obtained the mandatory order at an ex parte hearing […]

Latest Briefings

Banking sector measures responding to the coronavirus crisis

As the novel coronavirus (COVID-19) outbreak continues to evolve, Cyprus authorities adopted different measures in order to prevent the spread of the coronavirus (COVID-19) and to strengthen the economy. The measures affected, among others banking and other institutions active in the banking sector.

Prisoners’ rights to equivalent health and social care

This article is part of the Prison law during the coronavirus pandemic series. Rule 20(1) of the Prison Rules 1999 provides that: ‘The governor must work in partnership with local health care providers to secure the provision to prisoners of access to the same quality and range of services as the general public receives from […]

Romania: Days off for parents caring for children due to school closures

Law no. 19/2020 on granting days off to parents for monitoring their children in case of the temporary closure of schools (“Law no. 19/2020”) provides that one of the parents is entitled to days off from work in the event that schools are closed due to: a) unfavourable meteorological conditions or b) other extreme situations, […]

General Communiqué No. 518 on tax procedure law – coronavirus pandemic regulation

General Communiqué No. 518 on the Tax Procedure Law (Law No. 213) (“Communiqué”) was published in the Official Gazette on March 24, 2020 with number 31078 (Reiterated). In the Communiqué, a statement was made regarding the taxpayers who were directly affected by the CoronaVirus outbreak (COVID-19). The Communiqué presents a number of new measures taken […]

Recommended

Recruit legal talent

Get your role in front of over 300,000 legal professionals when you advertise with The Lawyer. Our team of experts provide bespoke solutions to help solve all your recruitment challenges.

Find out more

Register now to The Lawyer to access our latest news stories, read selected briefings from key firms and gain essential careers insight to help you make the most of your current and future roles.

Contact Us: if you have any questions regarding your subscription, call us on +44 (0)20 7292 3716 or email us at customerservices@thelawyer.com

View our subscription options

Having problems?

Contact us on +44 (0)20 7292 3716 | email: customerservices@thelawyer.com

If you are looking for our Jobs site, please click here