A subsidiary of Gazprombank Group was refused permission on Monday to revive an application for summary judgment in a counterclaim to extract $25 million in allegedly missed payments from a commodities trading company in litigation in London.
UniCredit Bank AG has lost its $24.7 million damages lawsuit against the owners of a ship, as a court ruled on Thursday that they are not responsible for the bank's losses after thousands of metric tons of oil disappeared after arriving at a United Arab Emirates port.
A judge ordered a British currency exchange firm on Friday to pay $11 million of HSBC's legal costs for defending itself against a "contrived" High Court claim that accused the bank's traders of front-running more than 15 years ago.
A London court dismissed on Monday a fraud claim brought by a U.K. currency investment firm alleging that HSBC's traders misused its confidential information to rig foreign exchange markets, ruling that the lawsuit had been brought too late.
A port operator scored a partial victory on Thursday after a judge in London ordered the Sudanese government to return an upfront fee of €187 million ($228 million), although she stopped short of awarding another €91 million in additional costs.