??GLG - Weekly News Review
Global Legal Group
Informing Legal Minds | We are an independent London-based legal media company committed to delivering pivotal insights
This week’s Global Legal Group newsletter cherry-picks the best of GLG’s three news strands – Commercial Dispute Resolution (CDR) , International Comparative Legal Guides (ICLG) News and Global Legal Insights News (GLI) – from the past week, all produced by our team of in-house journalists.
This week, we welcome a new funder on the scene, the consequences of a BVI insolvency dispute decision and the latest FINMA sanctions…and much more.
French court defines scope of corporate Duty of Vigilance Law
The Paris Court of Appeal has ruled on three appeals against a lower court’s dismissal of cases against three global energy giants. Read more here....
Tribunal rules out time-barred Mastercard claimants
The Competition Appeal Tribunal has limited the size of the class claiming compensation from Mastercard for overcharging on fees, by ruling out anyone who suffered harm prior to June 1997. Read more here....
Third-party pros spearhead new funder
Former Validity Finance trio launch litigation and arbitration funder with initial USD 100 million in its coffers. Read more here....
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BVI insolvency dispute decision changes English law
The Judicial Committee of the Privy Council has updated the test the courts must apply when there is a conflict between arbitration agreements and insolvency proceedings. Read more here....
Marine charity initiates legal challenge against UK government
Oceana UK is claiming that the government failed to consider the effect on the marine environment before granting new oil –and gas drilling licences. Read more here....
Air crash lawyer urges criminal prosecution
A lawyer for the families of the victims of two fatal Boeing 737 aviation accidents has written to the US Department of Justice demanding a criminal prosecution. Read more here....
Billionaire’s deepfake lawsuit can go ahead
Meta has failed to persuade a judge to dismiss a claim centred on crypto advertisements featuring a deepfake rendition of metals magnate Andrew Forrest. Read more here....
FINMA sanctions HSBC’s Swiss arm for anti-money laundering failures
Swiss regulator bars bank from dealing with politically exposed persons until it can show that it is complying with the law. Read more here....