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A Change of Climate in the Courts

On 26 May 2021, the Hague District Court in the Netherlands issued an historic judgment in Milieudefensie et al. v. Royal Dutch Shell plc, a case brought by a number of environmental groups and individual claimants against...more

UK Supreme Court Allows Nigerian Environmental Damage Claims to Proceed Against UK Parent Company

The UK Supreme Court issued its highly anticipated judgment in Okpabi and others v Royal Dutch Shell Plc and another [2021] UKSC 3 on 12 February 2021, following its findings in Vedanta Resources plc and another v Lungowe and...more

Budget Launches Task Force to Uncover Exploitation of the UK Government’s COVID-19 Financial Rescue Schemes

In today’s budget, UK Chancellor Rishi Sunak announced a £100 million Taskforce to scrutinise claims made under business support schemes designed to help companies and workers navigate their way through the economic impact of...more

With Fraud Against UK Businesses at Epidemic Levels, Businesses Need to Know How to Protect Themselves

Fraud has reached epidemic levels in the UK and should be seen as a national security issue, says think tank the Royal United Services Institute (RUSI) in a paper published last week. It is the crime to which UK citizens are...more

UK Ruling a “Significant Step” Toward Certainty for COVID-19 Business Interruption Claims

On 15 September 2020, the High Court handed down judgment in The Financial Conduct Authority v Arch and Others, which determined issues of principle relating to business interruption claims arising from the COVID-19 outbreak....more

Replacement of LIBOR: Is Litigation Inevitable in the Derivatives Market?

With the announcement by the Financial Conduct Authority that the London Interbank Offered Rate (LIBOR) may cease to exist, the financial markets are facing a major upheaval in this respect. Market participants, financial...more

3/10/2020  /  Derivatives , ISDA , ISDA Master Agreement , Libor , UK
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