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London Capital & Finance investors start legal battle for payout


London Capital & Finance investors start legal battle for payout - reports
FSCS decision to reimburse fifth of customers challenged
A judicial review case on behalf of LCF bondholders began virtually at the High Court
Investors who lost more than £200m in the London Capital & Finance (LCF) savings scandal have begun a legal battle after being refused a payout by the Financial Services Compensation Scheme.
According to a report from Yahoo! Finance, the judicial review case on behalf of LCF bondholders began at the High Court on Tuesday (19 January). Lawyers acting for four of LCF s 11,600 customers.
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Herbert Smith Freehills celebrates as UK Supreme Court backs businesses in Covid-19 insurance ruling


Herbert Smith Freehills celebrates as UK Supreme Court backs businesses in Covid-19 insurance ruling
15 January 2021
FCA wins fast-tracked appeal unlocking payments to 1,000s of businesses
Willy Barton; Shutterstock
The UK Supreme Court has ruled in favour of thousands of small businesses in the Financial Conduct Authority’s business insurance test case litigation, delivering a notable victory for the regulator s advisers, Herbert Smith Freehills (HSF).
The ruling will affect insureds and insurers alike impacted by pandemic-related business interruption losses. It follows a remote, expedited trial in July 2020 before a Divisional Court consisting of Lord Justice Flaux and Mr Justice Butcher. 
The fast-track ‘leapfrog’ appeal hearing, from the first instance decision, heard remotely in November, was before a strong constitution of the Supreme Court, comprising its president, Lord Reed, Lord Hodge, the deputy president, and Lord Briggs, Lord Hamblen ....

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Trio of US law firms celebrate after annual award of UK Queen's Counsel


Trio of US law firms celebrate after annual award of UK Queen s Counsel
18 December 2020
Lawyers from Skadden, Gibson Dunn and Quinn Emanuel join first-ever Big Four advocate on roster
The High Court Shutterstock
The annual unveiling of new Queen’s Counsel in the UK has seen advocates at four top law firms and a Big Four legal arm share the spoils with leading barristers – with three US firms fielding representatives on the 116-strong roster.
London-based Daniel Gal, of Skadden Arps Slate Meagher & Flom, and Jeffrey Sullivan, of Gibson Dunn & Crutcher, joined Duncan Watson, of Quinn Emanuel Urquhart & Sullivan s Hong Kong office, on the list of senior advocates. ....

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Commercial sets back scheme to fund criminal law pupillages


Commercial sets back scheme to fund criminal law pupillages
15 December 2020
Sweeting: Bar Council to create post-Brexit common law forum
Eight commercial chambers have signed up to a Bar Council scheme to fund criminal law pupillages that would otherwise not be available because of the Covid-19 pandemic.
They are following the lead of Keating Chambers, which in September put up £20,000 to fund a pupillage that a criminal set has had to withdraw and incoming Bar Council chair Derek Sweeting QC said has been “instrumental” in gathering support from across the commercial Bar.
Giving his inaugural address, Mr Sweeting also fired a warning shot across the bows of the Bar Standards Board (BSB) over the extent to which it should look to regulate equality issues. ....

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