Serco hits the High Court at the start of June in the first s90A securities group action to go to trial. Claimants allege that they were shareholders of Serco and acquired, held, or disposed of shares in Serco between 2006 and 2013, asserting that they suffered loss due to untrue or misleading statements published by …
Described by one London disputes head as ‘the biggest class action ever’, Municipio de Mariana & Ors v BHP Group sees a claimant class of more than 700,000 bringing claims for damages in excess of £36bn arising from the 2015 collapse of Brazil’s Fundão Dam. On 5 November 2015 the dam suffered a catastrophic failure. …
Complex claims are being brought against Mastercard and Visa in an ongoing decade-long saga involving over 1,800 corporate claimants across the hospitality, arts, financial services, and leisure sectors. With three different strands of cases – Merricks v Mastercard, collective cards, and umbrella proceedings – lawyers involved are finding themselves in court almost weekly. The first …
In line with the trend towards mega-trials, the Commercial Court in October is due to hear the highly publicised Russian aircraft insurance claims, with aircraft lessors bringing multiple proceedings across a range of jurisdictions. The losses arise from the detention of hundreds of commercial aircraft in Russia due to its invasion of Ukraine and the …
From AI to ESG and class actions, top London litigators predict the hottest litigation trends for 2024 If the view of London litigators on the coming year could be summarised in a single word, it would be ‘more’.
An amendment filed to the Digital Markets, Competition and Consumers Bill last week will allow the use of damages-based agreements (DBAs) for opt-out collective proceedings heard in the Competition Appeal Tribunal, but only for litigation funders. The proposed amendment responds to the Supreme Court’s decision in PACCAR in July this year, which ruled that litigation …
Allen & Overy has confirmed that it has suffered a ‘data incident’. Posts from X user and self-described ‘threat intelligence platform for cybersecurity’ @FalconFeedsio on Wednesday 8 November suggested that cybercriminal group LockBit had targeted the firm, with a threat to release ‘all available data’ by 28 November. ‘We have experienced a data incident impacting …
The UK litigation funding industry has been left scrambling to renegotiate contracts in the wake of a Supreme Court judgment earlier this week (26 July) which ruled that many of the funding agreements used for group action competition cases are unenforceable. The judgment, which relates to the high-profile cartel case brought against DAF and other …
The resounding message is that London is still booming. Fears surrounding its status as a leading jurisdiction for disputes being adversely impacted by Brexit appear to have gone largely unfounded, with not only the established players, but less traditional disputes practices and boutiques thriving. Martin Davies of Latham & Watkins sums up the outlook across …
Russia’s invasion of Ukraine added gale force to the economic storms already picking up in early 2022, and has produced a spate of sanctions work as well as at least one ultra-high-value insurance dispute. Meanwhile, group litigation, litigation funding, and ESG remain at the forefront of lawyers’ minds.
