A Blow for Lloyds Shareholders

25 November 2019

Mr Justice Morgan dismissed an action by a group of 5,803 former Lloyds shareholders (the “Claimants”) in Sharp v Blank . The Claimants claimed that the Lloyds directors acted negligently in recommending the acquisition of HBOS – a bank burdened with bad mortgages.

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Legal advice privilege: a force to be reckoned with

15 November 2019

The Court of Appeal cements the enduring status of legal advice privilege and provides guidance on the questions to be asked when determining whether legal advice privilege can be waived.

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Pass the $182 million Parcel!

15 November 2019

In a decision highlighting the serious consequences of funding another’s litigation (even family) in Kazakhstan Kagazy Plc & Ors –v- Shyna Arip & Ors [2019] EWHC 2630 (Comm), the Commercial Court has granted a third party costs order (TPCO) against the wife (A) and mother-in-law (B) of a defendant (C).

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Woodford Fund to be wound up and the FCA considers changes to fund rules in the wake of the fund’s collapse

15 November 2019

Link Fund Solutions Limited (“Link”), the corporate director of the LF Woodford Equity Income Fund, has announced that it intends to wind up the fund as soon as possible.

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Conclusion of SFO investigation into LIBOR manipulation

15 November 2019

On 18 October 2019, the Serious Fraud Office (SFO) announced that it has concluded its investigation into the manipulation of the London inter-bank offered rate (LIBOR).

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A Good Day for Group Actions

15 November 2019

The Court of Appeal (CA) judgment in Richard Lloyd v Google is a game-changer for group litigation. It discusses the circumstances in which a claim can be brought by way of representative action, particularly where there has been a data privacy breach.

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Data Risk and Protection – Still Not Ready?

23 October 2019

Over a year following the introduction of the General Data Protection Regulation (“GDPR”), a huge proportion of companies operating in Europe are not complaint with the rules, placing them at significant risk of hefty fines. At the same time, data mismanagement and poor data security means that cyber risk can be a major threat to business.

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Methods of Alternative Dispute Resolution: Early Neutral Evaluation

15 October 2019

One of the features of the Civil Procedure Rules (CPR), which govern court procedure in civil actions in England and Wales, is encouraging parties to seek to resolve their dispute by means of alternative dispute resolution (ADR), rather than litigating claims all the way to trial.

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Exclusion of Expert Evidence Maintained

15 October 2019

The Commercial Court has refused an application to set aside a tribunal decision that excluded a party’s expert evidence report.

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The Foundations of a Claim – Do I have a Construction Contract?

15 October 2019

A recent case in the Technology and Construction Court (Universal Sealants (UK) Ltd (t/a USL Bridgecare) v Sanders Plant and Waste Management Ltd ) looked at the consequences of when a contract related to construction is not in fact a “construction contract”

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