English Courts News
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JPMorgan Chase & Co. sued state-owned Portuguese companies running the Lisbon and Oporto metro rail services, as well as the country’s strategic oil reserves, to enforce derivative contracts worth at least 455 million euros ($587 million).
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A VTB Group unit lost its bid to have a fraud suit connected to a $225 million loan heard in the U.K., in a decision that could deter Russians from using English courts as a primary forum to resolve disputes.
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Kweku Adoboli, the UBS AG trader arrested in London yesterday, admitted to causing losses while the bank’s risk-control officers were examining his trades, a person with knowledge of the matter said.
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Iceland’s failed Glitnir Bank hf and other lenders claiming they were stung by internal fraud during the financial crisis are winning U.K. court orders freezing the worldwide assets of ousted executives with ties to Britain.
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Two holders of 2016 subordinated notes issued by Irish Nationwide Building Society commenced proceedings in the English courts against the debt program’s trustee and the society, according to a statement today.
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U.S. Securities and Exchange Commission lawyer Andrew Michaelson, who handled insider trading cases including that of Galleon Group LLC co-founder Raj Rajaratnam, is joining Boies, Schiller & Flexner LLP as a partner.
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Wealthy Britons going through a divorce may benefit from a review of U.K. court standards that some lawyers argue promote unfairly generous rulings in favor of less well-off spouses.
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Tullett Prebon Plc , the inter-dealer broker, lost a lawsuit accusing competitor BGC Partners Inc. of a hiring raid on 77 of its partners that cost the U.K. firm $387 million in market value.
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Harvard University named two members to its board, including Paul, Weiss, Rifkind, Wharton & Garrison LLP’s Theodore V. Wells Jr., as part of the expansion begun in 2010 under President Drew Faust.
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House Republicans have embraced at least one proposal in President Barack Obama’s jobs package: changing the rules to make it easier for closely held companies to raise money without going public.
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