Tag: legal update

Stanford Worldwide Financial institution Ltd (in liquidation) v HSBC Financial institution PLC (Expedited) [2022] UKSC 34 – UKSC WeblogStanford Worldwide Financial institution Ltd (in liquidation) v HSBC Financial institution PLC (Expedited) [2022] UKSC 34 – UKSC Weblog

On attraction from: [2021] EWCA Civ 535

The Appellant (“SIB”) is an organization integrated in Antigua and Barbuda that went into liquidation in 2009. Most of SIB’s enterprise was promoting funding merchandise to worldwide clients. Nonetheless, throughout 2003 to 2009, SIB was being run as a big Ponzi scheme. Buyer withdrawals and funds when funding merchandise supposedly matured had been being comprised of capital invested by different clients reasonably than funding proceeds. In 2008, many shoppers requested withdrawals from SIB fearing that it might turn out to be bancrupt.

SIB had 4 financial institution accounts with the Respondent (“HSBC”). These

Candey Ltd v Crumpler and one other (as Joint Liquidators of Peak Accommodations and Resorts Ltd (In Liquidation)) [2022] UKSC 35 – UKSC WeblogCandey Ltd v Crumpler and one other (as Joint Liquidators of Peak Accommodations and Resorts Ltd (In Liquidation)) [2022] UKSC 35 – UKSC Weblog

Candey Ltd, the appellant, acted as a solicitor for Peak Accommodations & Resorts Ltd (“PHRL”) between April 2014 and March 2016 in respect of worldwide litigation and numerous different issues. One such matter was an motion within the Excessive Court docket in London, known as “the London Litigation”.

On 21 October 2015, PHRL entered into a set charge settlement (the “FFA”) with the appellant, underneath which the appellant agreed to proceed to behave for PHRL in return for a set charge (the “Mounted Payment”). Cost of the Mounted Payment was deferred till the handing down of judgment on legal responsibility

Michigan Supreme Court Upholds UCC Statute of Frauds Rule Requiring Quantity Terms To Be In WritingMichigan Supreme Court Upholds UCC Statute of Frauds Rule Requiring Quantity Terms To Be In Writing

The Michigan Supreme Court issued an Opinion on July 11, 2023 in MSSC, Inc. v. Airboss Flexible Products Co., reversing a Court of Appeals opinion holding that blanket purchase orders were enforceable under the UCC Statute of Frauds.

In short, the Michigan Supreme Court upheld the longstanding Statute of Frauds rule that contracts must contain a written quantity of terms to be binding, including its conclusions that:

  1. The parties’ blanket purchase order, terms and conditions, and other writings lacked a written quantity term.
  2. The term, “blanket,” does not constitute a quantity term within the meaning of the Statute of Frauds,

‘No pressure involved’ in phone call to Arizona governor over 2020 election results‘No pressure involved’ in phone call to Arizona governor over 2020 election results

WASHINGTON — Former Vice President Mike Pence confirmed that he called former Arizona Gov. Doug Ducey at Donald Trump’s request to discuss the 2020 election results, but insisted that Trump never pressured him to find evidence to back up his unsubstantiated claims of voter fraud.

“I did check in, with not only Gov. Ducey, but other governors and states that were going through the legal process of reviewing their election results,” Pence said in an interview aired Sunday on CBS News’ “Face the Nation.” “But there was no pressure involved. I was called to get an update. I passed along

UPDATE 1-ECB’s Enria wants euro zone banks out of Russia fasterUPDATE 1-ECB’s Enria wants euro zone banks out of Russia faster

(Updates with context in paragraph 2, background in paragraphs 4 to 6, JPMorgan report in paragraph 6)

June 27 (Reuters) – The European Central Bank wants lenders to speed up their exit from Russia given the increased reputational, legal and financial risk of doing business there, supervisory chief Andrea Enria said on Tuesday.

Although Europe’s top supervisor has for months said he hoped European financial bodies would cut ties with their Russian assets, the matter has taken on new significance after Saturday’s 24-hour mutiny by the Wagner militia underscored the country’s political fragility.

In a letter to members of the

Upcoming Webinar: Predicting and Managing the Risks of Doing Business in ChinaUpcoming Webinar: Predicting and Managing the Risks of Doing Business in China

Please join us on Wednesday, July 12 at 12PM EDT for a webinar on Predicting and Managing the Risks of Doing Business in China.

As tensions between the US and China continue to build, what does this mean for US companies operating in China? Partners George Grammas and Ed Newberry will discuss the current political landscape, as well as provide insight on where things are headed and what you can do to mitigate risks and protect your relationships going forward. The discussion will help senior leaders and decision makers evaluate their current activities in China and determine whether they should

JTI POLSKA Sp. Zoo and others v Jakubowski and others [2023] UKSC 19 – UKSC BlogJTI POLSKA Sp. Zoo and others v Jakubowski and others [2023] UKSC 19 – UKSC Blog

The appellants are road hauliers based in Poland. The respondents are part of a group of companies that buy and sell tobacco products internationally. The respondents contracted the appellants to transport a consignment of cigarettes from Poland to England. The road carriage was undertaken subject to the Convention on the Contract for the International Carriage of Goods by Road 1956 (the “CMR”), an international treaty which widely governs international transport by road and has the force of law in the UK under domestic legislation . Under a European excise duty suspension arrangement, excise duty on the cigarettes was suspended until

Free legal clinics offered to local residentsFree legal clinics offered to local residents

YOUNGSTOWN, Ohio (WKBN) – Community Legal Aid is offering a series of free clinics to offer legal help to the public.

The programs are taught by attorneys and are free and open to the public, unless otherwise noted.

The following clinics are available online:

  • Eviction prevention clinic: Tuesdays at 4 pm – Learn about renters’ rights and options if facing an eviction. Visit www.communitylegalaid.org/eviction for details.
  • Foreclosure prevention classes: Learn about the foreclosure process and strategies that can help homeowners save their homes. Offered on the first and third Thursdays of the month at 5 pm Visit www.communitylegalaid.org/foreclosure for details.